In an important development, the Chairman, Co-Founder, and Chief Executive Officer of Circle have announced the company’s plan to become a public trading organization. Making this announcement to all its community members, the top executive stated that the company would get listed on the New York Stock Exchange. This accomplishment becomes possible through its association with Concord Acquisition Corp.
Circle was founded in 2013, and right from its inception, it has focused on creating a global economy ecosystem where transactions can be done without any hassle using the internet facility. The organization has an ambitious goal of creating economic prosperity across the globe. This milestone of becoming a public traded organization will add to its credibility – not only among its community members but also across stakeholders in the financial ecosystem.
Over the years, the company has consistently put efforts into becoming an organization with the highest level of integrity while collaborating with multiple partners across the value chain. This has significantly added to its brand value and helped it recruit and make a world-class team of professionals.
One of the key operating philosophies of Circle is to help establish the reputation of USDC (USD coin) in the market. USDC has already made its name as one of the leading names in digital currencies, which today power transactions worth more than $785B on various blockchain networks. In terms of circulation, over $25B coins are out there in the ecosystem. In addition to the digital currency, the internet-based financial services offered by the organization, such as Circle Account, Circle Yield, and Circle APIs, are revolutionizing the financial sector. In addition, it has added many new services to its portfolio that includes SeedInvest and DeFi APIs. As a result, the constellation of services offered by Circle is further enhancing the platform’s utility for a wider group of stakeholders.