Circle Rejects Acquisition Rumors, Focuses on IPO

Circle Bold move may reshape crypto market & stablecoin competition

A recent development has sparked debate within the crypto community. Company has denied reports about its potential acquisition talks with Ripple and coinbase, and said,” Circle is NOT for sale. Our long-term goals remain the same,” the company stated.

The stablecoin issuer company, has formally disputed recent media allegations that it was in informal purchase talks with Coinbase or Ripple, while reiterating its commitment to an initial public offering.

According to earlier reports, Company turned down Ripple's $4–5 billion purchase bid because it thought the price was too low. Although no other proposals have been verified, Ripple is allegedly still interested in pursuing a purchase in spite of the denial. 

This reaction followed stated they were negotiating a minimum $5 billion valuation for its IPO and talks with possible bidders Ripple and Coinbase

Investors are keeping an eye on Circle's IPO

The Company already has filed for an IPO in April 2025 and has hired financial banks to underwrite the deal. The exact schedule of the public premiere has yet to be determined. Rumours are there that the company will soon launch its IPO schedule, not confirmed yet. The company had planned to go public in December 2022 itself, but decided to postpone it due to unfavourable market conditions.   

Who Might Purchase—Coinbase or Ripple?

Charles Hoskinson, the founder of Cardano, recently expressed his opinion that Ripple's acquisition of Circle might enhance the cryptocurrency market. A self-serving ecosystem has been established by the Coinbase-A16Z mafia and it will make it difficult to get listed or to obtain liquidity according to Hoskinson.  He thinks Ripple's entry into the stablecoin market could end the monopoly and pave the door for more recent, varied initiatives.

Ripple's plans to enter the stablecoin sector would have been significantly boosted by the acquisition of Circle. 

Although Coinbase and Circle are co-founders of the Centre Consortium (which governs USDC), a more comprehensive merger could have given Coinbase more control over stablecoin direction. It receives 100% of USDC revenues if money is kept on its platform. It cannot launch new USDC-related collaborations without Coinbase's consent, and Coinbase retains partial IP rights if Circle goes bankrupt. With so much control and shared profit currently in place, many believe Coinbase is the most likely bidder. 

But the firm emphasised its operational independence and continued pursuit of regulatory clarification, stating that there have been no informal or official discussions about any purchase.

 The stablecoin issuer has long-term objective is to become a leader in financial infrastructure through an IPO.

Could Circle’s IPO spark Crypto 

It's initial public offering might have a big impact on the cryptocurrency industry, as it will be the first major stablecoin issuer to be listed on a US stock exchange. This might generate institutional interest, regulatory confidence, and increased market rivalry. Project's public valuation may serve as a benchmark for other cryptocurrency companies seeking an IPO, potentially unleashing a new wave of crypto listings and capital inflows.