Over the past year, Circle has crossed into a new chapter. Our initial public offering and the passage of landmark stablecoin rules in the US and across major economies have validated our founding vision and cemented USDC and Circle as pillars of the emerging internet-native financial system.
What seemed audacious a decade ago — a world where money could move freely as a software object on the public internet — is now reality. The global regulatory apparatus has converged on the legitimacy of full-reserve digital dollars. Enterprises, governments, and financial institutions are embracing the idea that open protocols for money and value exchange will power the next era of global economic coordination.
This is the beginning of what I see as the economic operating system for the internet. Public blockchains are evolving from experimental compute environments into trusted platforms for tamper-resistant data, verifiable transactions, programmable contracts, and globally distributed governance. They are becoming the substrate on which trillions of dollars in value, and ultimately trillions of transactions, will run.
Today, Circle stands at the center of this shift.
