TechFlow news, June 7 — According to Yahoo Finance, Circle President and former CFTC Chair Heath Tarbert said in an interview that when Circle launched USDC between 2017 and 2018, it aimed to create a new foundational monetary layer for the internet capable of moving at internet speed—one designed to be enduring. As a U.S. public company, going public and subjecting Circle to the highest standards of transparency and corporate governance is a core part of its identity and what Circle sees as a necessary next step. Compared to traditional financial institutions, Circle operates as a neutral platform with both the compliance DNA of traditional financial services and Web3 principles; banks are ideal partners for Circle, and it does not compete with them. Going public also signals to banks and technology firms that their capital is now open—under regulatory recognition—to engage meaningfully with Circle.
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