Odaily News In a recent interview with Yahoo Finance, Heath Tarbert, President of Circle and former CFTC Chairman, said that when Circle launched USDC in 2017-2018, it wanted to create a new base currency layer for the Internet that could circulate at Internet speeds and make it last. As a US public company, going public and subjecting Circle to the highest standards of transparency and corporate governance requirements is an important part of itself and is what Circle considers to be a necessary next step. Compared with traditional financial institutions, Circle is a neutral platform that has both the compliance genes of traditional financial services and the concept of Web3. Banks are ideal partners for Circle and will not compete with banks. Going public also shows banks and technology companies that their funds are now open, and with the approval of regulators, they can do business with Circle in an important way.