Circle Reportedly in Acquisition Talks with Coinbase
Fortune reports that the stablecoin issuer is fielding offers from both Coinbase and Ripple ahead of its planned IPO.
Circle is reportedly in acquisition talks with 
Coinbase and Ripple, seeking a $5 billion valuation while still pursuing its public listing plans, Fortune reports.
What’s the Scoop?
- Valuation and Buyers: Circle, the issuer of USDC, is reportedly seeking a $5 billion valuation while exploring acquisition bids.
- Potential Buyers: Coinbase, a longtime partner of Circle, and Ripple, a key stablecoin rival, are rumored to be interested in buying the company.
- Pursuing a Public Listing: Circle continues its plans to go public but remains open to other strategic options amid competition and market consolidation.
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