Circle continues to sell its business, shifting its focus to stablecoin development.

robot
Abstract generation in progress

Recently, there have been reports that Circle is considering selling its crowdfunding business SeedInvest after continuously selling multiple business zones. According to industry insiders, this transaction may face difficulties in finding buyers. The main reason is that the initial acquisition structure of SeedInvest has many issues, making it difficult to transfer smoothly at present.

Just a day before this news broke, Circle announced the sale of its retail trading platform Circle Invest to a Canadian cryptocurrency brokerage. According to the transaction arrangement, about 40,000 Circle Invest users will complete their migration to the new platform by the end of March. At the same time, Circle's new stablecoin platform service functions will also be integrated into the buyer's system.

Looking back to mid-December last year, Circle announced through official channels the sale of its over-the-counter trading business Circle Trade OTC to a certain trading platform. At that time, Circle stated that the company's strategic focus for 2020 would be on the development of stablecoin business.

The series of business divestitures and restructuring actions has sparked widespread discussion in the market regarding Circle's future development direction. Some analysts believe that whether the company's current strategic adjustment focusing on stablecoins can succeed will be a matter worth paying attention to.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
AlgoAlchemistvip
· 32m ago
The tricks of a Rug Pull never stray.
View OriginalReply0
GateUser-26d7f434vip
· 08-14 20:31
Stablecoin is really nice.
View OriginalReply0
CommunityLurkervip
· 08-13 15:20
It's really hasty for Circle to abandon its business.
View OriginalReply0
BlockDetectivevip
· 08-13 15:05
Hurry to trap and Rug Pull.
View OriginalReply0
RetiredMinervip
· 08-13 14:57
Circle is selling urgently!
View OriginalReply0
ShadowStakervip
· 08-13 14:54
hmm circle finally accepting they can't do everything... back to basics w/ usdc ig
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)