Business
Circle Moves Global Headquarters to One World Trade Center
Circle has officially relocated its global headquarters to One World Trade Center, marking a significant milestone in its growth and commitment to innovation. Discover how this move enhances their operations and connects with New York’s vibrant business landscape.
Circle Relocates Global Headquarters to One World Trade Center
Circle, the issuer of the second-largest stablecoin in the cryptocurrency market, is set to make a significant move by relocating its global headquarters to the renowned One World Trade Center in New York City. This iconic skyscraper, which stands as the tallest building in the Western Hemisphere, will house Circle in one of its top floors.
Documents shared with CoinDesk indicate that the official announcement of this move will take place on Friday, accompanied by a ribbon-cutting ceremony. New York City Mayor Eric Adams is expected to be in attendance for this momentous event.
In promotional materials regarding the opening, Circle emphasized that this new location will not merely serve as an “office” but will be transformed into a dynamic and powerful convening space. This space is envisioned to benefit both the cryptocurrency industry and global leaders alike.
As of now, Circle has chosen not to provide additional comments on the matter, and a request for feedback from Mayor Adams’ office has gone unanswered. However, it is well-known that Mayor Adams has actively embraced the cryptocurrency sector, advocating for New York City to become a pivotal crypto hub. Notably, his first paychecks as mayor were converted into cryptocurrency almost immediately.
The newly established headquarters is situated on the historic grounds of the original World Trade Center. One World Trade Center, also referred to as the Freedom Tower, is not only home to Circle but also hosts a variety of prominent firms including Condé Nast, MDC Partners, Reddit, Code & Theory, and BounceX.
Previously, Circle had announced its plans to shift its legal headquarters from Ireland to the United States in preparation for an anticipated initial public offering (IPO). Prior to this transition, the company had based its U.S. operations in Boston.
Circle’s stablecoin, USDC, is currently the second-largest in the industry, following Tether’s USDT. As per the latest CoinDesk price data, USDC boasts a market capitalization of approximately $34 billion, with a robust 24-hour trading volume reaching $6.37 billion.