#Circle Is Not For Sale’ Company Denies Plans for Coinbase or Ripple Buyout

USDC stablecoin issuer Circle has clarified that it is not for sale despite rumors of buyout interest from Coinbase or Ripple.

Highlights

Circle reportedly rejected a $4–$5 billion takeover bid from Ripple, citing the offer as insufficient.

Earlier this year, Circle filed its prospectus with the SEC to list its shares on NYSE under the ticker "CRCL."

Amid the developments on GENIUS Act stablecoin bill, crypto firms are rushing to grab a piece of the stablecoin market.

‘Circle is not for sale, ‘ the USDC stablecoin issuer has clarified amid the ongoing rumors of a Coinbase or Ripple buyout. While the crypto industry was recently abuzz with talks of a possible sale, the stablecoin firm has denied the report. Furthermore, it continue pursue its plans of an Initial Public Offering (IPO), and a possible listing on the New York Stock Exchange (NYSE) later this year.