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Cryptocurrency: Circle and its USDC leave Ireland for USA

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IPO is being prepared. We know that since early January, Circle has filed a request with the SEC to list on the New York Stock Exchange, and behind the scenes, Jeremy Allair's teams are organizing themselves to meet the growing demands from Uncle. In terms of regulatory compliance, Sam. With this in mind, the company's spokesperson confirmed to the media that it is considering moving its head office to the US and leaving Ireland permanently.

Circle is moving its operations back to the United States in anticipation of the IPO

that's why Bloomberg The information was released the circle Administrative documents have been submitted for this Repatriate its operations to the United States Ahead of a possible IPO, its date is still unknown. The news may come as a surprise as the regulatory environment for the crypto sector in Washington seems hostile, but in the long term it is strategy Come out Paid the money.

Of course, American regulations on stablecoins are being written in Congress, which may be future issuers. Stablecoins A number of regulatory criteria must be met in order to receive approval from financial authorities in the United States. In this regard, some observers fear that the USA will follow Tether and this will create a significant explosion in the sector.

By moving its headquarters to American soil, Circle will have an advantage over Tether, its main competitor in the US dollar stablecoin sector, and the ability to more easily enter the future national regulatory framework. However, we will definitely have to wait for the new president to know which leg to dance on, and who will be Donald Trump or Joe Biden for the next four years, predictions are going well, cryptosphere Made in the US Looks like he's already chosen.

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