According to Circle’s CEO and founder Jeremy Allaire, the stablecoin issuer is progressing with its initial public offering (IPO) debut and intends to relocate its headquarters to Wall Street in 2025.
This new stablecoin, called USDS, was officially introduced on September 18 and aims to incentivize those participating in the network by providing liquidity.
The company, which was valued at $45 billion earlier this year and received a banking license in the UK in July, is making good progress on the stablecoin.
Circle yesterday revealed its integration of the USDC stablecoin with payment systems in Brazil and Mexico for corporate clients through partnerships with prominent banks.
Singapore, Singapore, 17th September 2024, Chainwire
Circle, the issuer of the popular stablecoin USDC, will be relocating its global headquarters to New York City as it prepares for its upcoming Initial Public Offering (IPO).
Circle has joined forces with Sony Block Solutions Labs to promote wider adoption of USDC on Soneium, the blockchain platform developed by Sony’s blockchain division.
