Circle, the issuer of USDC, announced its entry into the Global Travel Rule Network (GTR) to enhance compliance with international standards for digital asset transfers.
Joining the GTR Network
According to a blog post by Circle dated August 20, 2025, the company has joined the Global Travel Rule Network, an alliance of virtual asset service providers led by the crypto exchange Binance, aimed at implementing the Financial Action Task Force (FATF) Travel Rules for virtual asset transfers.
Implications for Circle and VASPs
Mandeep Walia, Chief Compliance and Risk Officer at Circle, stated, "As jurisdictions across the globe implement the Travel Rules, Circle remains committed to meeting these evolving standards with clarity and consistency. By becoming part of both GTR and Trust, we are reinforcing the global compliance infrastructure for the transfer of USDC between regulated institutions." He further noted that the participation of major VASPs such as Hashkey and Binance solidifies GTR as a robust element of Circle's compliance efforts.
Financial Performance and Circle's IPO
Circle announced its IPO in May 2025, and after entering the New York Stock Exchange, it garnered significant attention from investors. However, Circle's stock is currently priced at $137.81, having dropped by 8.85% in the last five trading sessions. In Q1 2025, the company reported revenues of $578.57 million and a net income of $64.79 million. In Q2, while revenue rose to $658.08 million, net income was negative at $482.10 million.
Circle's entry into the GTR network emphasizes its commitment to meeting international compliance standards for digital asset transfers. Despite market fluctuations, the company continues to focus on high compliance standards and innovation.
