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Report: Are Coinbase and Ripple Eyeing Potential Acquisition of USDC Issuer Circle?

  • Ripple reportedly made a $5 billion offer to acquire stablecoin firm Circle, which was rejected; a rumored $20 billion offer followed.
  • Circle, despite filing for an IPO on the NYSE, may consider selling to Ripple or Coinbase for at least $5 billion.
  • Circle maintains they are 'not for sale' and plan to pursue their long-term goal of an IPO.
  • If Ripple were to acquire Circle, analysts believe XRP could benefit significantly as Ripple aims to dominate payments and stablecoin infrastructure.

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