{"id":16970,"date":"2024-09-14T17:11:03","date_gmt":"2024-09-14T14:11:03","guid":{"rendered":"https:\/\/forklog.com\/en\/circle-to-relocate-headquarters-to-new-york\/"},"modified":"2024-09-14T17:11:03","modified_gmt":"2024-09-14T14:11:03","slug":"circle-to-relocate-headquarters-to-new-york","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/circle-to-relocate-headquarters-to-new-york\/","title":{"rendered":"Circle to Relocate Headquarters to New York"},"content":{"rendered":"<p>Circle Internet Financial, the issuer of the USDC stablecoin, will relocate its global headquarters from Boston to New York. This was announced by the company&#8217;s founder and CEO, Jeremy Allaire.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">BREAKING NEWS: <a href=\"https:\/\/twitter.com\/circle?ref_src=twsrc%5Etfw\">@circle<\/a> has announced that we are moving our Global HQ to New York City, building out a flagship space on one of the top floors of 1 World Trade Center, an historically important landmark in standing for American global economic leadership. Details below the\u2026 <a href=\"https:\/\/t.co\/fCPzVMtBQw\">pic.twitter.com\/fCPzVMtBQw<\/a><\/p>\n<p>\u2014 Jeremy Allaire \u2014 jda.eth \/ jdallaire.sol (@jerallaire) <a href=\"https:\/\/twitter.com\/jerallaire\/status\/1834600208774090843?ref_src=twsrc%5Etfw\">September 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to him, the headquarters will be located on &#8220;one of the upper floors&#8221; of the central building of the World Trade Center, also known as the Freedom Tower.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This iconic tower, the tallest in the Western Hemisphere, symbolizes freedom, power, and the projection of America&#8217;s central role in the global economic system,&#8221; Allaire stated.<\/p>\n<\/blockquote>\n<p>The move is scheduled for early 2025, but the company has already celebrated the event with its business partners.<\/p>\n<p>The head of Circle noted that the new headquarters is being created not as a traditional office but as a space for meetings with partners interested in collaboration to create a &#8220;new financial internet system.&#8221;<\/p>\n<p>Allaire believes that New York&#8217;s advantage lies in its concentration of major crypto companies and digital asset specialists.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The year 2024 was pivotal for the industry, as stablecoins truly broke through in terms of scale, importance, and use cases. By 2025, they will all become mainstream,&#8221; stated the CEO of Circle.<\/p>\n<\/blockquote>\n<p>In terms of market capitalization, USDC is second only to the segment leader USDT from Tether \u2014 $35.8 billion and $118.6 billion, respectively.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"193\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-5-1024x193.jpg\" alt=\"Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-5\" class=\"wp-image-241121\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-5-1024x193.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-5-300x56.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-5-768x144.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Top-Stablecoins-by-Market-Cap-CoinGecko-Google-Chrome-5.jpg 1149w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/en\/categories\/stablecoins\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>In terms of daily trading volume, the gap is more significant \u2014 $7 billion versus $42 billion.<\/p>\n<p>According to Bloomberg experts, more than 90% of stablecoin transactions by volume are <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-less-than-10-of-stablecoin-transactions-are-organic\">conducted<\/a> by non-real users. This figure casts doubt on the use of stablecoins as a means of payment.<\/p>\n<p>Circle has not abandoned its plans to go public through an <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span>.<\/p>\n<p>At the end of 2022, the company terminated a deal with a <span data-descr=\"special-purpose acquisition company\" class=\"old_tooltip\">SPAC<\/span>. This was preceded by the collapse of FTX, which worsened the digital asset market conditions and weakened Wall Street&#8217;s interest in crypto firms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle Internet Financial, the issuer of the USDC stablecoin, will relocate its global headquarters from Boston to New York. This was announced by the company&#8217;s founder and CEO, Jeremy Allaire. BREAKING NEWS: @circle has announced that we are moving our Global HQ to New York City, building out a flagship space on one of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1220,807],"class_list":["post-16970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-circle","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16970"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16969"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}