Circle, the Company Behind USDC, Considers U.S. Listing Following Headquarters Relocation

  • Circle’s move to the US suggests that regulations were aligned before the company went public, which could boost investor confidence.
  • The tax implications underscore the evolving patterns of international tax laws that affect multinational enterprises.
  • The stability and usefulness of stablecoins in cryptocurrency markets are highlighted by USDC’s ability to withstand adversity.

Stay in the know on crypto by frequently visiting Crypto News Today

The company that created the well-known stablecoin USDC, Circle Internet Financial Ltd., declared that it would be moving its legal headquarters from the Republic of Ireland to the United States. This action is being taken as the business gets ready for its initial public offering (IPO), for which it filed plans with the US Securities and Exchange Commission (SEC) in January.

CryptoCaster Quick Check:

A company representative for Circle verified the impending move, citing newly submitted court documents as proof of the move. Although the company did not state its intentions clearly, it is likely that the action was taken to improve transparency and ease regulatory compliance, particularly in light of the company’s rumored public listing.


Tax Implications and the Changing Environment

The relocation’s possible effect on Circle’s tax obligations is one of its main implications. In comparison to its prior operations in Ireland, the company may incur a greater tax burden by locating its legal headquarters in the US.


Multinational corporations were drawn to Ireland due to its historically low corporate tax rates. The Organization for Economic Cooperation and Development (OECD) has, however, recently instituted international tax reforms that impose a minimum 15% tax on the profits of large multinational corporations. A few of the historical tax benefits connected to Ireland have been diminished by this development.

Since its founding in 2013, Circle has received substantial support from both well-known cryptocurrency figures and conventional financial institutions. Among the well-known investors are BlackRock, Coinbase Global Inc., and Goldman Sachs Group Inc. This widespread support highlights how traditional finance and the world of digital assets are becoming more and more convergent.

In the past few years, the stablecoin market has grown significantly, and USDC has become a prominent transaction platform and liquidity provider in the cryptocurrency ecosystem. Notwithstanding obstacles including unclear regulations and banking issues, USDC’s circulation has increased after a recent decline, reaching a $33 billion market capitalization.

The stablecoin manager with the largest market capitalization, Tether Holdings Ltd., reported record profits exceeding $4.5 billion in the first quarter of this year. This demonstrates how profitable stablecoin operations could be in the current market climate.CRYPTOCASTER® - DECENTRALIZED FREEDOM!

We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism. 

From  Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.

And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.

When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble. 

Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.

We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster

Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.

Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


You may also like