Circle Eyed $5B Exit—Coinbase or Ripple Could’ve Been Buyers Instead of IPO

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2025-05-20 10:02:59

Circle Has Explored Potential $5B Sale to Coinbase or Ripple Instead of IPO: Report

Behind-the-scenes talks reveal Circle weighed a blockbuster sale to crypto giants before pivoting to public markets. Guess the bankers won this round.

Sources say stablecoin issuer Circle explored acquisition offers up to $5B—with Coinbase and Ripple as potential suitors—before opting for its current IPO path. Because why sell to competitors when Wall Street’s fee machine needs feeding?

The twist? This leak surfaces just as Circle’s public debut looms. Cue the ‘strategic alternatives’ theater that always seems to accompany pre-IPO positioning. Because nothing juices investor interest like phantom bidding wars.

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