Circle Denies Acquisition Rumors as Coinbase and Ripple Speculations Swirl

Stablecoin issuer Circle has firmly dismissed rumors of a potential acquisition by Ripple or Coinbase, reaffirming its commitment to its long-term strategy and upcoming IPO. The company, targeting a valuation exceeding $5 billion, denied reports of Ripple’s alleged $4-5 billion buyout offer. This development highlights Circle’s focus on independence as it gears up for its public market debut.

Circle Denies Sale Rumors Amid Ripple’s $11 Billion Buyout Speculation

Stablecoin issuer Circle has firmly dismissed speculation about a potential acquisition by Ripple or Coinbase. The company stated it remains committed to its long-term strategy, emphasizing that it is not for sale. This comes as Circle prepares for an initial public offering, targeting a valuation exceeding $5 billion.

Earlier reports suggested Ripple had offered between $4 billion and $5 billion for Circle, which was rejected. Recent rumors indicate Ripple may have increased its bid to approximately $11 billion, but Circle appears focused on its IPO plans. The company filed preliminary paperwork in April and has engaged investment banks, though the timeline remains uncertain.

Circle had previously delayed a planned IPO in December 2022 and revisited the possibility in January 2024. The company’s determination to go public underscores its confidence in independent growth despite significant buyout interest.

Circle Denies Acquisition Talks, Reaffirms IPO Commitment

Circle, the issuer of the USDC stablecoin, has categorically dismissed rumors of potential acquisition discussions with industry peers Coinbase or Ripple. The speculation, originating from a Fortune report suggesting informal talks at valuations exceeding $5 billion, was met with a firm rebuttal. "Circle is not for sale," the company stated, underscoring its unchanged strategic direction.

The fintech firm remains focused on its long-delayed public listing plans. After formally filing for an IPO in April 2024, Circle has reportedly engaged investment banks to advance the process. While no definitive timeline exists, the MOVE signals renewed momentum for a public debut initially contemplated in 2022.