Circle has denied rumours of a potential sale to Coinbase or Ripple. The USDC stablecoin issuer, through its spokesperson, said Circle hasn’t engaged in any informal discussion with Coinbase or Ripple regarding any acquisition. He strongly affirmed that the company isn’t for sale.
The statement follows a report that Ripple made a $4 billion bid to purchase Circle after expressing interest in acquiring it. While the interest in Circle is true, Ripple hasn’t made any offer regarding an acquisition.
Circle plans to go public after filing confidentially for an initial public offering (IPO) in April 2025. The company initially paused its IPO plans in December 2022, but resumed in 2024 following a market rebound.
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