Circle frequently sells business, focusing on stablecoin development attracts follow.

Circle, a crypto financial services company, has recently attracted attention from the frequent sales of its businesses. The company is reportedly looking to sell its crowdfunding business, SeedInvest. However, it may be difficult to find a suitable buyer due to the complex structure of the initial acquisition.

A day earlier, Circle announced the transfer of its retail investment trading platform, Circle Invest, to a Canadian cryptocurrency broker. Approximately 40,000 customers will migrate to the new platform by the end of March, and Circle's stablecoin platform services will be integrated.

In December last year, the company sold its over-the-counter trading business, Circle Trade, to another trading platform. Circle said that in 2020, the company will focus on stablecoin business development.

This series of business divestitures has sparked discussion about Circle's strategic adjustment. The company is focusing on stablecoins, but it remains to be seen whether this decision will help Circle stand out in the competitive cryptocurrency market.

Industry insiders believe that Circle's strategic transformation reflects the rapid changes in the cryptocurrency industry. Companies need to constantly adjust their business focus to adapt to changes in market demand and regulatory environment. However, frequent divestitures can also pose challenges for the company, and how to maintain core competitiveness and achieve long-term sustainability will be a key issue for Circle.