Circle Eyed $5B Exit—Coinbase or Ripple Bought Instead of IPO
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Stablecoin giant Circle flirted with a backdoor exit—exploring a fire sale to crypto heavyweights rather than braving public markets. Smart move or desperation play?
The USDt issuer reportedly pitched itself to both Coinbase and Ripple at a $5B valuation. Because nothing says ’bullish on crypto’ like cashing out to your competitors before the IPO music stops.
Wall Street bankers weep into their spreadsheets. Meanwhile, Circle’s execs get to skip the S-1 paperwork and regulatory hazing. Classic crypto endgame—when in doubt, sell to a bigger bagholder.
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