Circle Holding Company to Relocate to the US

IconCNT15 May, 2024

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Circle Holding Company to Relocate to the US

Circle, the company behind the USDC stablecoin, has announced that it will be moving its holding company to the United States. The company's current holding company is based in Ireland, a popular location for tech companies due to its low corporate tax rate. Circle's decision to move its holding company to the US could be related to the company's plans to launch an initial public offering (IPO). By moving its holding company to the US, Circle would be subject to stricter regulations but would also have access to a larger pool of investors. The company has already registered with the Securities and Exchange Commission (SEC) in preparation for an IPO. This move is a significant step for Circle and could help the company to expand its reach and further legitimize the USDC stablecoin.

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