Big moves are happening in the crypto world! Circle, the company behind the popular $USDC stablecoin, is in talks to sell — and the buyers are some of the biggest names in the game: Coinbase and Ripple.
Sources say these talks are still informal, but the deal could be huge. Circle wants to be valued at over $5 billion, matching what it asked for when it filed to go public earlier this year. Even though Ripple had already made one offer that was turned down, both Ripple and Coinbase are still very interested.
Here’s the twist: Circle and Coinbase already have a close relationship. They worked together back in 2018 through a joint project called the Centre Consortium. That past partnership might give Coinbase an edge in these new talks.
If this deal goes through, it could shake up the crypto world in a big way — especially in the stablecoin market. A sale to either Ripple or Coinbase would mean more power, more resources, and possibly big changes in how digital money moves around the world.
At the same time, Circle is still pushing forward with its plans to go public. So whether it ends in a sale or an IPO, one thing is clear — Circle is at the center of a major crypto story, and the world is watching!