2025-05-27
On May 19, Circle, the issuer of the
USDC stablecoin, has firmly denied recent reports suggesting it is considering
a potential sale to companies such as Coinbase or Ripple. A Circle spokesperson
stated, "Circle is not for sale. Our long-term goals remain the
same,".
These rumors originated from a Fortune
article, which claimed that Circle was engaged in informal discussions about a
potential sale, seeking a valuation of at least $5 billion. The report also
mentioned that Circle had rejected a $4 billion to $5 billion takeover bid from
Ripple, deeming the offer too low.
Despite the speculation, Circle has
reiterated its commitment to pursuing an initial public offering (IPO), which
it filed for in April 2025. The company had previously delayed a planned IPO in
December 2022 but relaunched its efforts in January 2024.
Circle's clear denial aims to reassure stakeholders about its strategic direction and the stability of USDC.
