Background and Development of Circle

$Circle(CRCL.US) Circle was co-founded in 2013 by serial entrepreneurs Jeremy Allaire and Sean Neville.

Founder Jeremy Allaire brings extensive experience in internet entrepreneurship and a strong background in political economy. Inspired by the global financial crisis of 2008, he set out to leverage blockchain technology to reshape the global financial system.

With a mission to "increase global economic prosperity through frictionless value exchange," the company is committed to becoming a world-leading issuer of compliant stablecoins.

Circle's core team is built on a "regulation-first" approach, incorporating expertise from former government officials, financial giants, and the internet industry, laying a solid foundation for the company’s global compliance operations.

The development of Circle reflects its strategic focus and market expansion, with key milestones including:

a. Startup and Transformation (2013–2017):

Initially positioned as a digital payment company similar to Alipay, Circle shifted its strategic focus to compliance-driven blockchain infrastructure as the market evolved.

b. Launch of USDC (2018):

Circle partnered with Coinbase to launch the USD-pegged compliant stablecoin USDC. With high transparency, strict reserve audits, and strong integration with mainstream financial systems, USDC quickly gained market recognition.

c. Successful Listing (2025):

After actively securing global regulatory licenses and establishing market leadership, Circle officially went public on the New York Stock Exchange in 2025, marking a new height in its compliance journey.

The successful listing of Circle represents not only a critical milestone in its own development but also signifies that the stablecoin industry is accelerating its integration into the global mainstream financial system, entering a new phase of compliant growth.