Circle President: The IPO is to demonstrate financial openness, not to compete with banks but to seek cooperation.

According to ChainCatcher and Yahoo Finance, Heath Tarbert, President of Circle and former Chairman of the CFTC, stated in an interview with Yahoo Finance that when Circle launched $USDC between 2017 and 2018, the goal was to create a new foundational monetary layer for the internet that could circulate at internet speed and endure over time. As a U.S.-listed company, going public and subjecting Circle to the highest standards of transparency and corporate governance is an integral part of the company itself and is considered a necessary next step by Circle. Compared to traditional financial institutions, Circle operates as a neutral platform, combining compliance characteristics of traditional financial services with the principles of Web3. Banks are ideal partners for Circle rather than competitors. The public listing also signals to banks and tech companies that their funds are now open, and under regulatory recognition, they can conduct business with Circle in meaningful ways.