Categories: U.S. Regulation

Stablecoin Giant Circle Is Moving Its Headquarters to New York City

Circle, the issuer of the second-largest stablecoin, will move its global headquarters to New York City’s iconic One World Trade Center, where the cryptocy firm will occupy one of the top floors in what is the tallest building in the Western Hemisphere.

According to documents shared with CoinDesk, the move will be officially announced on Friday, and a ribbon-cutting ceremony will be held on Friday. New York Mayor Eric Adams will attend.

“This is not going to be an ‘office,’ it’s going to be a powerful convening space that our industry and global leaders will benefit from,” Circle said in publicity about the opening. Circle declined to comment. Adams’ office never replied to a request for comment. Adams has courted the crypto community and dreamed of making the city a major crypto hub. (Famously, his first paychecks as mayor were immediately converted into crypto.)
Standing on the site of the original World Trade Center, the new skyscraper, which is also known as the Freedom Tower, is currently the global headquarters of Condé Nast and home to firms like MDC Partners, Reddit, Code & Theory and BounceX.
Circle had announced plans to move its legal headquarters from Ireland to the U.S. ahead of its planned initial public offering. The company previously based its U.S. offices in Boston. Circle’s USDC, the second-largest stablecoin behind Tether’s USDT, has a market cap of $34 billion
Terron Gold

Share
Published by
Terron Gold
Tags: Circlecrypto regulationNew YorkstablecoinUSDC
1 year ago

Recent Posts

Senator Murphy Alleges White House Insiders Profited From Iran Strike Bets, Pushes to Ban Prediction Markets on Government Actions

U.S. Senator Chris Murphy (D-Conn.) is calling for legislation to ban prediction markets that allow traders to bet…

2 days ago

IRS Proposes Electronic-Only Delivery For Crypto Tax Forms Under New Reporting Rules

The U.S. Internal Revenue Service (IRS) has proposed a new rule that would allow cryptocy brokers to deliver…

2 days ago

Crypto-Friendly Fintech Revolut Files For U.S. Banking License to Expand Crypto and Payments Services

Global fintech powerhouse Revolut has filed an application for a U.S. banking license, a move that would allow…

2 days ago

Suspect Arrested on Caribbean Island of Saint Martin in $46M Seized Crypto Theft Case

A man accused of stealing tens of millions of dollars in cryptocy from U.S. government…

2 days ago

NYSE Parent ICE Invests in Crypto Exchange OKX at $25B Valuation Amid Tokenized Stocks Push

Intercontinental Exchange (ICE) — the parent company of the New York Stock Exchange — has taken a strategic…

2 days ago

AI Models Favor Bitcoin as a Store of Value, Stablecoins for Payments, BPI Study Finds

A new study from the Bitcoin Policy Institute (BPI) found that leading artificial intelligence models overwhelmingly favor Bitcoin…

2 days ago