Circle continues to sell its business, focusing on stablecoin development strategy.

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, mainly due to the numerous issues with the initial acquisition structure of SeedInvest, which has complicated the current deal.

Just a day before this news broke, Circle announced the sale of its retail investor trading platform Circle Invest to a Canadian cryptocurrency brokerage. According to the plan, approximately 40,000 users of Circle Invest will complete their migration to the new platform by the end of March. In addition, Circle's new stablecoin platform services will also be integrated into the buyer's system.

Looking back at Circle's business adjustment history, in mid-December last year, the company announced through official channels the sale of its over-the-counter (OTC) business, Circle Trade. At that time, Circle stated that the company's strategic focus for 2020 would be on the development of its stablecoin business.

The series of business divestitures and restructuring actions has sparked widespread discussion in the market about Circle's future development direction. Some analysts believe that the company's move is aimed at streamlining its business structure and concentrating resources on the stablecoin sector, which it considers to have the most potential. However, whether this strategic adjustment can help Circle stand out in the highly competitive cryptocurrency market remains to be seen.