Circle, the stablecoin issuer behind USDC, is reportedly planning to relocate its headquarters to the US ahead of its upcoming initial public offering (IPO). The company, currently based in Ireland, filed the necessary court paperwork earlier this week, although the reason for the move was not disclosed. In January, Circle submitted a draft registration statement to the US Securities and Exchange Commission (SEC), indicating its intention to become a publicly traded company. The IPO is expected to launch after the SEC completes its review process. Circle also recently announced an upgrade to both USDC and EURC, its Euro-backed stablecoin, which includes reduced gas costs and improved security. USDC has expanded to several new blockchain networks, including Celo and zkSync.
