Circle, the issuer of the USDC stablecoin, is not following the layoff trend in the market. Instead, it expanded its staff ahead of its initial public offering (IPO) in the US.
According to a Bloomberg report, Circle has expanded its staff by 15%, adding 137 new workers so far this year. It reportedly plans to add a similar number of positions in the upcoming months.
The increase in staff comes after the company announced its plans to relocate its headquarters from Ireland to the US ahead of a proposed IPO filed and submitted to the Securities and Exchange Commission (SEC) in January.
Circle is the second-largest stablecoin issuer, only surpassed by Tether (USDT). The company has expanded its workforce and been particularly keen to work with multiple crypto protocols and integrate new technologies.
For instance, the company integrated USDC into zkSync, one of the largest Ethereum-based layer-2 solutions. This provides several advantages, such as institutional support for qualified users and seamless incorporation into current decentralized applications (dApps).
Similarly, CryptoMode reported that Circle announced a partnership with Coincheck, a strategic move into Asia, specifically in the Japanese market.
New dedicated track at Middle East and Africa’s largest cybersecurity event tackles AI-driven industrial threats,…
Dubai, UAE, 11th May 2025, ZEX PR WIRE, The highly anticipated School of Cyber Defense…
Singapore, 9th May 2025, ZEX PR WIRE, WEMIX, the blockchain-powered gaming platform by WEMADE, has…
The second day of the annual event put the spotlight on governments, with top officials…
Dubai, UAE, 8th May 2025, ZEX PR WIRE, SANS Institute, the global leader in cybersecurity training…
Industry-First Solution Sets a New Standard for Attack Surface Reduction and Endpoint Security Through Dynamic,…