Circle Will Move Global Headquarters to New York by 2025

Circle, the company behind the USDC stablecoin, is set to relocate its global headquarters to New York City by 2025.

CEO Jeremy Allaire announced that the company will take up residence on one of the upper floors of 1 World Trade Center, a move he described as emblematic of America’s position as a leading global economic hub.

In a video accompanying the announcement, Allaire highlighted that the new office will function as a “powerful convening space” rather than a conventional workplace. The relocation aims to position Circle at the heart of the US financial landscape, allowing closer interaction with key regulatory bodies and financial institutions.

Allaire emphasized that the shift underscores the growing significance of stablecoins like USDC in reinforcing the dominance of the US dollar. He believes that establishing Circle’s headquarters on Wall Street reflects the company’s commitment to being at the center of the financial revolution.

Circle’s move to NYC is also driven by the city’s strong crypto talent pool and its thriving crypto industry. Allaire countered perceptions of US hostility toward crypto, asserting that the country is poised to lead in blockchain technology and financial innovation.