Golden Finance reported that stablecoin issuer Circle is actively promoting its plan for an initial public offering (IPO) on Wall Street in 2025 and plans to move its headquarters there. Circle submitted an IPO application to the U.S. Securities and Exchange Commission in January this year and is awaiting approval. In order to enhance the market position of its stablecoin USDC, Circle has recently integrated USDC with the national payment systems of Brazil and Mexico, allowing companies in the two countries to access USDC in real time through local financial institutions without international wire transfers, thereby speeding up the settlement of cross-border transactions. Although Circle is expanding its business, its market share is still suppressed by Tether (USDT), which currently accounts for more than 70% of the market share, while USDC only accounts for 20%. At the same time, Tether hired Jesse Spiro, former head of regulatory relations for PayPal's blockchain business, to further strengthen its government affairs team. Circle's series of initiatives are aimed at enhancing its competitiveness in the stablecoin market, especially in the rapidly developing digital dollar ecosystem.