Circle Reiterates Denial of Acquisition Rumors by Ripple and Coinbase, Focuses on IPO

Uk Jin

Summary

Circle denied rumors of acquisition by Coinbase and Ripple, stating that it is not considering a company sale.
Circle is valued at approximately $5 billion and has formalized its initial public offering (IPO) this year.
A Circle spokesperson emphasized that there is no change in its long-term goals.

Circle, the issuer of the stablecoin USDC (a virtual asset linked to the value of fiat currency), has once again denied rumors of acquisition.

According to PYMTS on the 27th (Korean time), Circle confirmed in an official statement on the 19th that "media reports suggesting that we are considering selling the company to Coinbase Global or Ripple are not true."

A Circle spokesperson emphasized in the statement, "Circle is not considering a sale" and "there is no change in Circle's long-term goals."

Previously, Fortune reported that Circle had entered into private negotiations regarding a company sale with Ripple or Coinbase.

Meanwhile, Circle has formalized its initial public offering (IPO) this year. Circle's current corporate value is estimated at approximately $5 billion.

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