Circle Considers Sale to Coinbase or Ripple Ahead of IPO

Circle Internet Financial, issuer of USDC, is exploring potential acquisition options, primarily from Coinbase. According to Fortune, the company is gearing up for its planned initial public offering (IPO). As a result, Circle is engaging in preliminary discussions with both Coinbase and Ripple regarding potential sales. 💰 📈 📰 They are reportedly seeking a valuation of $5 billion – either through an IPO or acquisition. While their IPO plans remain intact, no formal terms or roadshow have been announced yet. 🗓️ 🤝