1. Circle's Move to Wall Street and IPO Preparation
2. Jesse Spiro's Appointment at Tether
3. USDC Integration in Mexico and Brazil

Circle announced plans to move to Wall Street and prepares for an initial public offering (IPO) in 2025. However, despite these efforts, Circle remains reliant on the market leader Tether.

Circle's Move to Wall Street and IPO Preparation

Circle intends to relocate its headquarters to Wall Street in 2025. In parallel with these plans, the company is gearing up for an initial public offering (IPO).

Jesse Spiro's Appointment at Tether

Tether has appointed Jesse Spiro, the former director of regulatory relations for blockchain and cryptocurrency at PayPal, as the head of government affairs.

USDC Integration in Mexico and Brazil

The USDC stablecoin, pegged to the US dollar, has been integrated into the national payment systems in Mexico and Brazil, including the SPEI and PIX systems. This enables businesses in both countries to use USDC for transactions instead of international wire transfers, potentially reducing settlement times and enhancing the efficiency of cross-border operations.

Thus, despite preparing for an IPO and relocating to Wall Street, Circle remains dependent on Tether, which holds a 70% market share. At the same time, the integration of USDC into the national payment systems of Mexico and Brazil opens new opportunities for businesses in these countries.