According to Gate News bot, Heath Tarbert, the president of Circle and former CFTC chairman, elaborated on the development vision of USDC in an interview with Yahoo Finance. He pointed out that when Circle launched USDC from 2017 to 2018, the goal was to build a high-speed circulating base currency layer for the internet, ensuring its long-term existence.
Tarbert emphasized that as a publicly listed company in the U.S., enhancing transparency and corporate governance is a key step in Circle’s development. He also mentioned that Circle, as a neutral platform, combines characteristics of traditional financial compliance and Web3 concepts, viewing banks as ideal partners rather than competitors.
He added that the company’s listing conveys a message to banks and tech companies: “their money is now open, and with regulatory approval they can do business with Circle in meaningful ways.”
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