Circle CFO: It is expected that the number of employees will increase by 25% by the end of this year, and it is considered that it will be listed again
According to reports, Jeremy Fox-Geen, chief financial officer of Circle, the issuer of stable currency, said that the company had about 900 employees as of the end of last year, and it is expected to increase by 15% to 25% by 2023, or 135 to 225 employees. This is lower than the growth rate in 2022, when the number of people was about twice that in 2021.
Interpretation of this information:
Circle, the stable currency issuer, is planning for its future growth as it aims to increase its employee count by 15% to 25% by 2023. As of last year, the company had 900 employees, and it aims to add 135 to 225 more by the end of 2023. CFO Jeremy Fox-Geen mentioned that the growth rate in 2022 was twice that of 2021, indicating that the company experienced explosive growth in the past year.
The move to expand its workforce aligns with Circle’s aim to become a leading financial technology company that leverages blockchain technology and digital currencies to revolutionize the financial industry. Circle is one of the few stablecoin issuers with a banking license, and it has partnerships with top financial institutions such as Visa and Mastercard, offering consumer and commercial payments in digital currencies such as USDC.
The company’s growth comes at a time when the digital currency market is seeing increased adoption, with more companies adding cryptocurrencies and blockchain technology to their operations. Circle’s digital currency offering has gained widespread popularity, with a total value locked of $27.2 billion, according to DeFi Pulse. This success has resulted in Circle securing $440 million in funding, with investors such as Fidelity, FTX, and Digital Currency Group backing the firm.
In conclusion, Circle’s decision to increase its employee count by 15% to 25% by 2023 is a testament to the company’s growth in recent years. As the world moves towards a more digital economy, the company is positioning itself to be at the forefront of the financial technology industry, with an aim to revolutionize the way we make payments.
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