Circle, USDC stablecoin creator, plans to move HQ from Ireland to US before IPO, aligning with decentralized financial vision amid tightening US crypto regulations.
Circle, the company behind the second-largest stablecoin USDC, plans to move its headquarters from Ireland to the US ahead of its IPO, facing potentially higher US taxes due to changes in corporate levies. The firm, which has $33B in circulation, has substantial backing from Wall Street and crypto-focused firms. The move aligns with Circle's CEO's vision of a decentralized financial system and maintaining investor confidence amid tightening US crypto regulations.
May 15, 2024
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