Circle Plants Flag in Wall Street with New NYC Headquarters

Circle, the company behind the USDC stablecoin, announced it will relocate its global headquarters to New York City's One World Trade Center, signaling a commitment to the U.S. despite regulatory challenges. CEO Jeremy Allaire expressed hopes that the new headquarters will bridge web3 and traditional finance. While some praised the move, including Anthony Scaramucci, others like Step Finance's George Harrap criticized the decision to "double down" on a country perceived as hostile to crypto. On-chain researcher ZachXBT accused Circle of profiting from web3 while failing to act against DeFi hacks.

Source: The Defiant