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Circle Shuts Down Sale Rumors Amid Multi-Billion Dollar Bids from Ripple and Coinbase

  • Circle has rejected Ripple's $5 billion acquisition bid as undervalued and remains focused on an IPO with plans to list on the NYSE under ticker CRCL.
  • The stablecoin competition intensifies as the GENIUS Act nears approval, positioning USDC issuer Circle against Ripple and others in the market.
  • Circle has clarified that it is not for sale, emphasizing its long-term independence and commitment to its IPO goals.
  • As regulatory clarity approaches with the GENIUS Act, the battle for stablecoin market dominance continues among major players like Tether, USDC, and Ripple's RLUSD.

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