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Stablecoin Issuer Circle Leads U.K. Charm Offensive Ahead of New Rules

  • Issuer of USDC met with government, regulatory officials
  • Euro and sterling-pegged stablecoins under consideration
Dante Disparte, chief strategy officer at Circle.

Dante Disparte, chief strategy officer at Circle.

Photographer: Sarah Silbiger/Bloomberg

Circle Internet Financial Ltd. has conducted a number of “state visits” to the U.K. in the last year, flying over its most senior executives to engage with government, regulators and industry bodies with a view to expanding its business in the region.

The Boston-based payments and financial infrastructure company behind the USDC stablecoin has held both virtual and in-person meetings with a range of U.K. officials and crypto industry executives, some of which included a delegation of the company’s top brass. The latest trip to London was as recent as last month, while another occurred during the relaxed travel period between the Delta and Omicron Covid-19 variants last year.