Global #Circle

​In a groundbreaking development for the Web3 space, stablecoin issuer Circle has announced a strategic partnership with Sony Block Solutions Labs to enhance the adoption of its USDC stablecoin on the new Soneium blockchain.

Circle Internet Financial, the issuer of the prominent USD Coin (USDC), is taking major strides to bolster its position in the global financial landscape. The company has announced the relocation of its global headquarters to New York City’s One World Trade Center, a move that underscores its commitment to growth and innovation.

In a major development for the payment industry, Circle’s CEO, Jeremy Allaire, has announced that the company is preparing to implement ‘tap-and-go’ payments with USDC on iPhones.

As the 2024 U.S. presidential race heats up, cryptocurrency is becoming a crucial issue for major candidates. Recently, Circle, a leading player in the digital assets sector, unveiled a new risk-based capital framework for stablecoins, underscoring the increasing need for clear and effective regulation in this rapidly evolving industry.

Circle, a major player in the stablecoin market, has taken a significant step towards solidifying its presence in Europe with the launch of its euro-backed stablecoin, EURC, on the layer-2 network Base.

Circle, a stablecoin issuer, intends to shift its legal headquarters from the Republic of Ireland to the United States. According to a report from Bloomberg on Wednesday, the company has filed court documents for this relocation.