Just-In: USDC Issuer Circle Allegedly In Talks With Ripple & Coinbase For Potential Sale
The crypto Merger & Acquisition (M&A) activity in the digital currency ecosystem is taking new shape, with USDC issuer Circle still in acquisition talks. According to a new report from Fortune, despite its planned Initial Public Offering (IPO) push, the company is still in acquisition talks with Ripple Labs and Coinbase Global Inc. Circle is Still Up For Sale Circle Filed for IPO in early April, marking a major milestone for the company that has been exploring avenues to go public since at least 2022. Despite its personal growth push, the company remain a target for other bigger firms in the crypto ecosystem. The Fortune report pegs the Circle IPO target at $5 billion. According to the publication, citing sources tied to the matter, there are informal negotiations ongoing between the USDC parent company and Ripple Labs. While the association to the blockchain payments firm is not new, Fortune’s sources… Read More at Coingape.com
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