According to Foresight News, Circle co-founder and CEO Jeremy Allaire said that Circle announced that it would move its global headquarters to New York City and build a flagship space on the top floor of One World Trade Center, with plans to open the new headquarters to the world in early 2025. He also said that 2024 is a turning point for cryptocurrency, and that stablecoins will begin to truly make breakthroughs in scale, importance, and usage this year, and 2025 will be the year when this concept becomes mainstream.