Circle weighs IPO against potential sale to Coinbase or Ripple

Circle, the issuer of USDC, is pursuing a long-anticipated Initial Public Offering (IPO) but is also exploring a possible sale, according to Fortune Crypto. The company has reportedly held informal talks with Coinbase and Ripple, seeking a $5 billion valuation. Coinbase is seen as the more likely buyer due to existing financial ties and influence over Circle’s operations. Ripple also made an offer, but it was reportedly rejected. While Circle remains focused on going public, recent IPO market momentum may influence its final decision.