Circle has denied being up for sale and reaffirmed its focus on its long-term goals.
Reports claimed that Circle was in negotiations with Ripple and Coinbase seeking a valuation of at least $5 billion.
Circle rejected a $4–5 billion takeover offer from Ripple as it deemed the valuation too low, but Ripple remains interested in pursuing a deal.
Circle has filed for an IPO in April 2025 and enlisted investment banks for the offering, focusing on institutional infrastructure despite previous postponements.