Circle Denies Sale Amid Ripple Buyout Rumors
- Circle, the USDC stablecoin issuer, has clarified it is not for sale despite rumors of a buyout by Coinbase or Ripple.
- Ripple reportedly offered $4-$5 billion for Circle, which was rejected as insufficient.
- Circle is focused on its Initial Public Offering (IPO) plans and aims to list on the New York Stock Exchange under the ticker “CRCL”.
- The stablecoin market sees Tether’s USDT holding a 66% share, while USDC captures 28%.
- The GENIUS Act, a bill regulating stablecoins in the US, is nearing official law status.
Circle has dismissed takeover offers from Ripple and continues to prioritize its IPO plans while maintaining a significant presence in the competitive stablecoin market.
Source (2.6)https://coingape.com/circle-is-not-for-sale-company-denies-plans-for-coinbase-or-ripple-buyout/?rand=24432
