Circle is undergoing a major restructuring, divesting multiple businesses to focus on stablecoins.

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Recently, there have been reports that after continuously selling multiple business zones, Circle is considering divesting its crowdfunding business SeedInvest. According to industry insiders, due to numerous issues with SeedInvest's initial acquisition structure, Circle may find it difficult to find a suitable buyer this time.

Just the day before, this cryptocurrency financial services company announced the sale of its trading platform Circle Invest, aimed at retail investors, to a Canadian cryptocurrency broker. According to the agreement, about 40,000 Circle Invest users will be transferred to the buyer's platform by the end of March, and Circle's new stablecoin platform service function will also be integrated.

Looking back to mid-December last year, Circle announced through official channels that it would sell its over-the-counter trading business Circle Trade OTC to another trading platform. At that time, the company stated that it would focus on its stablecoin business in 2020.

This series of business spin-offs and restructuring actions has sparked widespread discussion in the industry about Circle's future development direction. Some analysts believe that the company is streamlining its business structure to concentrate resources on what it considers to be the most promising area of stablecoins. However, whether this strategic adjustment can help Circle re-establish its competitive edge in the fiercely competitive cryptocurrency market remains to be seen.

For Circle, how to achieve business restructuring while maintaining core competitiveness will be a huge challenge. The market generally considers the company's decision to focus on the stablecoin business as a bold attempt, and its success or failure will have a profound impact on the entire cryptocurrency industry.

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WealthCoffeevip
· 9h ago
The stablecoin business is really appealing.
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BuyHighSellLowvip
· 08-10 05:21
Deserve to lose money, sell, sell, sell
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GasFeePhobiavip
· 08-09 14:58
Close all positions big clearance sale? It looks alarming.
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StealthMoonvip
· 08-09 14:57
Layoffs and selling off business, this is doomed.
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degenonymousvip
· 08-09 14:57
Sell sell sell, when will it cycle back?
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rugdoc.ethvip
· 08-09 14:46
Save money and go bankrupt.
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AirdropHuntervip
· 08-09 14:42
Selling off belongings now
View OriginalReply0
AirdropHunterWangvip
· 08-09 14:32
Circle should have started losing weight a long time ago.
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