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Ripple and Coinbase Circle the Drain? Crypto Giants Eye Acquisition as Circle’s IPO Stalls
Ripple and Coinbase Circle the Drain? Crypto Giants Eye Acquisition as Circle’s IPO Stalls
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Two of crypto’s biggest players—Ripple and Coinbase—are reportedly in talks to acquire Circle, just as the stablecoin issuer’s IPO plans hit regulatory quicksand. The move reeks of opportunistic consolidation, but who’s really getting the better deal?
Behind the scenes: Circle’s USDC dominance makes it a juicy target, but its IPO delays suggest Wall Street still hasn’t figured out how to price crypto assets (shocking, we know). Meanwhile, Ripple’s war chest overflows with legal victory cash, while Coinbase plays both sides—exchange and now potential acquirer.
The cynical take: Another day, another crypto firm realizing it’s cheaper to buy market share than earn it. At least this time they’re using dollars instead of printing new tokens.
The crypto industry is making buzz as Circle, the company that brought the USDC stablecoin, is going ahead for its long-pending IPO. But while the public listing remains in play, in the background major industry players such as Coinbase and Ripple are negotiating to... Read More
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