Circle is considering an initial public offering or a sale worth 5 billion dollars to Ripple and Coinbase
According to #mansooralrhyb , Cointelegraph reported that Circle, the issuer of the USDC stablecoin, is planning an initial public offering (IPO) and is also in informal talks with Ripple and Coinbase regarding potential acquisitions. Fortune magazine reported that Circle is seeking a valuation of at least 5 billion dollars, which aligns with its IPO goal.
Reports indicate that Ripple previously made an acquisition offer ranging from 4 to 5 billion dollars on April 30, but Circle rejected it because the valuation was too low. If the acquisition goes through, Ripple would pay in cash and XRP, while Coinbase may use cash and stock. Coinbase and Circle have had a partnership since 2018, where they co-founded the Centre Consortium to develop stablecoin standards. Circle was originally scheduled to complete its IPO in April 2024, but the IPO may be delayed due to economic uncertainty.
