Circle Dismisses Acquisition Rumors, Shifts Focus to IPO?

Jakarta, Pintu News – Circle, the issuer of the stablecoin US Dollar Coin (USDC), has confirmed that it is not for sale despite rumors of a possible purchase by Coinbase or Ripple.

The crypto industry has recently been abuzz with speculation about the sale, but the company has denied the reports and remains committed to plans for an Initial Public Offering (IPO) and possible listing on the New York Stock Exchange (NYSE) later this year.

Check out the full information below!

Ripple acquisition bid rejected

Previous reports indicated that Ripple had made a $5 billion acquisition offer to Circle. However, during the negotiation process, Circle rejected the offer which ranged from $4 billion to $5 billion from Ripple, citing that the amount was too low and insufficient.

Although Ripple is reportedly still interested in going ahead with the deal, they have not decided to make a revised proposal. Meanwhile, Circle continues to prioritize their plans for an IPO. A company spokesperson stated to PYMTS, “Circle is not for sale. Our long-term goals remain the same.”

Read also: Michael Saylor Criticizes Proof-of-Reserves, What Does He Say?

US Stablecoin Market Scramble

The stablecoin market remains a fiercely competitive area, especially for US companies, as the GENIUS Act moves closer to becoming law. Currently, Tether (USDT) dominates the market with a 66% market share, while USDC holds 28% of the overall market.

With the stablecoin bill in the spotlight, Wall Street banking giants and leading crypto companies are vying to introduce their US Dollar-backed stablecoins to the market.

Ripple has introduced their stablecoin, RLUSD, with a market capitalization of over $310 million, which is available on the Gemini crypto exchange. The Circle acquisition might help Coinbase or Ripple to further consolidate their position in the market, but for now, USDC issuers are continuing with their own plans.

Also read: Solana Founder’s Personal Information Leaked on Migos’ Instagram, Here’s the Chronology!

Circle Focuses on IPO and NYSE Listing

Circle is moving forward with their plans for an IPO and potential listing on the NYSE. This move is considered an important strategy to increase transparency and credibility in the eyes of investors as well as stablecoin users.

With the IPO, Circle hopes to expand their reach and influence in the global financial markets. It will also provide them with greater resources for innovation and expansion, cementing their position as a leader in the ever-growing stablecoin market.

Conclusion

By dismissing acquisition rumors and focusing on IPO plans, Circle is demonstrating their commitment to strengthening their position in the crypto industry. This move not only boosts investor confidence but also confirms USDC’s position as one of the leading stablecoins in the global market.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Circle is Not for Sale: Company Denies Plans for Coinbase or Ripple Buyout. Accessed on May 28, 2025
• Featured Image: The Block