Circle has denied reports of engaging in talks for a sale to Ripple or Coinbase, reaffirming its focus on the upcoming IPO.
Earlier reports indicated that Circle rejected a takeover bid from Ripple, deeming the offer as too low.
Ripple recent acquisition of Hidden Road for $1.25 billion while Coinbase announced plans to buy Deribit for $2.9 billion.
Circle's IPO efforts have been revitalized, with the company also acquiring Hashnote, the issuer of the USYC stablecoin, to target institutional adoption.