Circle at the Crossroads: IPO or Sale?
🔥 According to *Fortune*, Circle (issuer of USDC, $32 billion in circulation) is discussing selling the company instead of going public. The main contenders are Ripple and Coinbase.
🔸 Ripple has already made an offer ($4–5 billion, partially in XRP), but was rejected.
🔸 Coinbase is the favorite: the companies have a close partnership, shared revenues from reserves, and legal connections.
🔸 Coinbase appears stronger: $8 billion in cash, $56 billion market cap, and since May 19 — in the S&P 500 index.
Officially, Circle talks about an IPO, but there are no specifics.
If the deal goes through, it will become the largest merger in the history of stablecoins — and give the buyer control over the second digital dollar in the world.