Circle

Circle CEO calls for mandatory US registration of stablecoin issuers

February 26, 2025 2 mins read

Circle CEO Jeremy Allaire is advocating for mandatory registration for all stablecoin issuers in the US. He believes this will enhance consumer protection and financial stability. His stance comes as US regulators seek clearer rules for digital currencies. Tether, the largest stablecoin issuer, faces scrutiny as regulatory discussions intensify. The company’s Bitcoin holdings and business model may struggle under stricter regulations. US financial authorities, including the Federal Reserve and the

Circle submitted an IPO application to the US SEC

September 22, 2024 1 min read

Circle, a stablecoin issuer, intends to move its headquarters to Wall Street in 2025 and is preparing for a first public offering (IPO). Notwithstanding these endeavors, Circle remains subordinate to Tether, the industry leader, which commands a 70% share. Tether has designated Jesse Spiro, the former director of regulatory relations for blockchain and cryptocurrency at PayPal, as the head of government affairs. The USDC stablecoin, linked to the US dollar,

Circle to Cease Consumer Account Support in Strategic Move

November 1, 2023 1 min read

USDC Stablecoin issuer Circle has announced its decision to discontinue support for consumer accounts. According to a statement released, Circle consumer accounts will no longer be supported as part of the company’s strategic review. The discontinuation of wiring and mining functionalities will take effect, and all consumer accounts will be closed on November 30, 2023. While the statement did not delve into specific details about the motivations behind this move,