Circle CEO: The company is currently in good financial condition and does not need to seek funds, and is continuing to seek listing

Jeremy Allaire, CEO of Circle Internet Financial Ltd., said in a recent interview that the company has been eager to go public for many years and has not changed this vision. The company does not need to obtain funds from the private market, but continues to seek to go public. Allaire said: "We are very committed to the path to going public, and we can be a really interesting company in the public market." After the failure of its efforts to merge with blank check company Concord Acquisition Corp. in 2022, Circle's road to going public has been bumpy. Earlier this year, Circle chose a more traditional path and secretly submitted a draft registration for an IPO to the U.S. SEC in January. In the nine and a half months since the submission of the draft IPO registration, Allaire declined to comment on any contact the company had with the SEC or other regulators, during which the U.S. government launched a large-scale crackdown on companies in the cryptocurrency industry. Although the process of waiting for IPO approval has been delayed for a long time, Allaire said the company does not need to raise more funds. "We are in a good financial position and have been able to build a very solid business. We are not seeking any funds at this time," Allaire said. As reported in June, the company has been strengthening its staffing this year in anticipation of going public. The hiring spree is also driven by regulatory optimism that Washington lawmakers may eventually provide some regulatory framework for the industry in the form of a stablecoin bill. Several drafts of cryptocurrency-related bills are being considered on Capitol Hill, and Allaire said there is strong optimism that stablecoin legislation may even be passed during the lame duck session after the November election. He added that new regulatory measures will make more traditional financial players (including banks, asset management companies and payment companies) feel comfortable entering the digital asset ecosystem, "They will only work with regulated infrastructure, and we are ready for it." (Bloomberg)