PANews reported on October 27 that according to Bloomberg, Jeremy Allaire, CEO of Circle, the issuer of the stablecoin USDC, said in an 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.

Jeremy Allaire said: "We are committed to the path to IPO. Circle can be a really interesting company in the public markets, but the road to IPO has been full of bumps."

Earlier this year, Circle chose a more traditional path, confidentially submitting a draft registration for an IPO to the SEC in January. In the nine and a half months since submitting the draft IPO registration, Jeremy Allaire declined to comment on any of the company's contacts with the SEC or other regulators, during which time the U.S. government has launched a massive crackdown on companies in the cryptocurrency industry. Circle has been increasing its staffing this year in anticipation of going public, and the hiring spree has also been driven by regulatory optimism that Washington lawmakers may eventually provide some regulatory framework for the industry in the form of a stablecoin bill. Jeremy Allaire said the market is strongly optimistic that stablecoin legislation may be passed after the election in November this year, and new regulatory measures will allow more traditional financial players (including banks, asset management companies, and payment companies) to feel comfortable entering the crypto asset ecosystem. They will only work with regulated infrastructure, and Circle is ready for this.