Circle Reportedly in Acquisition Talks with Coinbase

Circle is reportedly in acquisition talks with Coinbase and Ripple, seeking a $5 billion valuation while still pursuing its public listing plans, Fortune reports.
What’s the Scoop?
- Valuation and Buyers: Circle, the issuer of USDC, is reportedly seeking a $5 billion valuation while exploring acquisition bids.
- Potential Buyers: Coinbase, a longtime partner of Circle, and Ripple, a key stablecoin rival, are rumored to be interested in buying the company.
- Pursuing a Public Listing: Circle continues its plans to go public but remains open to other strategic options amid competition and market consolidation.