Circle

Circle submitted an IPO application to the US SEC

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

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,