Crypto Firm Circle Plans Expansion With Asia HQ, Venture Arm

Circle, the principal operator of the second-biggest stablecoin, sees potential growth with corporate balance sheets as it broadens its geographic footprint and product offerings.

The Boston-based internet finance firm is establishing a regional headquarters in Singapore and has announced it’s investing in a Japanese yen stablecoin effort through the newly-established Circle Ventures. Circle sees ample opportunity in Asian markets, Chief Executive Officer Jeremy Allaire said in an interview. He expects significant growth in the use of stablecoins, the top two of which are Circle’s USDC and category leader Tether, in borrowing and lending markets.