Circle Recovers From Depeg of USDC, Focuses on Global Expansion

Circle has been in news for the recent de-pegging of its stablecoin USDC due to the Silicon Valley Bank collapse and thus subjected to a lot of questions in a recent event. Speaking on behalf of Circle, Raagulan Pathy, vice president of Circle, said that the company is recovering from the depeg after clearing all the backlogs. Mr. Pathy also said that they are working towards building more international banking partnerships and have no plans to shift their headquarters to another country. However, he said that they will continue on the globalization path with Singapore being a critical point for Circle.