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
2 years ago

Recent Posts

Federal Reserve Moves to Tighten Stablecoin Oversight With New Customer Identification Requirements

The Federal Reserve has unveiled a new proposed rule that would require certain payment stablecoin issuers to…

1 week ago

HIVE Stock Surges 10% After Landing $220 Million Sovereign AI Infrastructure Deal in Canada

Shares of HIVE Digital Technologies jumped more than 10% after the company announced a major $220 million, three-year…

1 week ago

Illinois Becomes First State to Tax Bitcoin and Crypto Transactions as Critics Call It the Most Punitive Crypto Tax in America

Illinois has officially become the first U.S. state to impose a transaction-based tax on cryptocy activity…

1 week ago

FOMC Rate Decision Triggers $122 Million Crypto Liquidation Cascade as Bitcoin and Ethereum Slide

The cryptocy market was hit by a sharp wave of volatility after the Federal Open Market…

1 week ago

Algorand Targets Full Quantum Resistance by 2027 as Blockchain Industry Faces Growing Quantum Threat

Algorand is accelerating its push toward becoming one of the world's first fully quantum-resistant blockchains, announcing…

1 week ago

CLARITY Act Gains Momentum as Senate Prepares for Critical Post-Recess Vote

The long-awaited Digital Asset Market CLARITY Act is moving closer to becoming law as momentum continues building…

1 week ago