Circle is moving toward an initial public offering (IPO) and plans to move its headquarters to Wall Street in 2025, according to CEO and founder Jeremy Allaire. Circle filed for an IPO in January and is awaiting approval from the U.S. Securities and Exchange Commission.

Circle has integrated its USD Coin (USDC) stablecoin with the national banking systems of Brazil and Mexico, providing businesses in those countries with real-time access through local financial institutions. However, Circle is losing ground to Tether (USDT), which has over 70% market share.

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