Stablecoin Giant Circle Is Moving Its Headquarters to New York City

As a crypto enthusiast, I’m eagerly anticipating the official announcement coming this Friday, as per the documents shared with CoinDesk. The event will culminate in a ribbon-cutting ceremony, and I’m thrilled to share that New York Mayor Eric Adams will be gracing us with his presence on this significant day.

Circles expressed in their promotional materials that instead of a traditional office, this would serve as a dynamic gathering place where our industry and world-class leaders can derive significant value.

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.)

At the location where the initial World Trade Center once stood, the current structure – famously called the Freedom Tower – now serves as the main office for Condé Nast. Additionally, businesses such as MDC Partners, Reddit, Code & Theory, and BounceX also call this skyscraper their home.

As a crypto investor, I’ve been keeping an eye on Circle’s moves, and recently, they made an exciting announcement. They plan to relocate their legal headquarters from Ireland to the United States, all in preparation for their upcoming Initial Public Offering (IPO). Interestingly enough, their U.S. offices were previously located right here in Boston.

The digital currency known as Circle’s USD Coin (USDC), which ranks second in terms of stablecoins with Tether’s USDT taking the lead, has a market capitalization of approximately $34 billion and a 24-hour trading volume of around $6.37 billion, according to data from CoinDesk.