Circle paves way for IPO, files to move headquarters from Ireland to US

According to Bloomberg, Circle, the issuer of the stablecoin USDC, has applied to move its headquarters from Ireland to the United States. This move is considered a key step for the company to seek a listing in the United States. .

A Circle spokesperson confirmed to Bloomberg that the company had recently submitted relevant documents to the court, but declined to elaborate on the reasons for moving its headquarters.

Circle submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) in January this year, and the company is currently registered in Ireland.

USDC’s success is partly due to Circle’s commitment to compliance, transparency and strong infrastructure. According to CoinGecko, USDC is the second-largest stablecoin behind Tether (USDT). With a current market value of approximately US$33 billion, it is the sixth largest cryptocurrency.

Circle received early investment support from Wall Street investment bank Goldman Sachs. Other investors include BlackRock, Fidelity Management and Research Company, Marshall Wace and FinCapital. The company was reportedly valued at $7.7 billion in a 2022 funding round.

The above is the detailed content of Circle paves way for IPO, files to move headquarters from Ireland to US. For more information, please follow other related articles on the PHP Chinese website!