Circle (CIRC) recently filed court documents to move its legal address from Ireland to the United States, a company spokesperson said.
Circle (CIRC) has begun relocating its legal headquarters from Ireland to the United States. The company, the second-largest stablecoin issuer, announced its intention to list in the U.S. in January.
According to a report from Bloomberg on Wednesday, USDC stablecoin issuer Circle (CIRC) is aiming to establish the US as its new legal base in anticipation of its upcoming US initial public offering (IPO). The spokesperson mentioned in the report refrained from providing detailed explanation about this action.
Circle (CIRC), which filed for formal listing with the U.S. Securities and Exchange Commission (SEC) earlier this year, is currently headquartered in the Republic of Ireland.
With a market capitalization of approximately $33 billion, USDC from Circle (CIRC) holds the position of the second-largest stablecoin in the cryptocurrency market, according to data from CoinMarketCap. Tether’s USDT, valued at $100 billion, takes the top spot.
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