Report: Circle, the Stablecoin Issuer, Plans to Move Headquarters to USA Ahead of IPO
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Report: Circle, the Stablecoin Issuer, Plans to Move Headquarters to USA Ahead of IPO

Circle, the stablecoin issuer, is reportedly planning to relocate its operations to the United States ahead of its upcoming initial public offering (IPO). The company, which issues the dollar-pegged cryptocurrency USDC, has filed court paperwork to move from Ireland to the US. Although the reason for the move was not disclosed, Circle had previously submitted a draft registration statement to the US Securities and Exchange Commission (SEC) in January, signaling its intention to become a publicly traded company. The IPO is expected to launch after the SEC completes its review process. In addition, Circle recently announced upgrades to its USDC and EURC stablecoins, including reduced gas costs and improved support for account abstraction. The company has also expanded USDC to other blockchain networks such as Celo and zkSync.

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