Ripple vs. Coinbase: Crypto Giant’s Bidding War For Circle Intensifies

A fierce bidding war is unfolding in the cryptocurrency world as Coinbase and Ripple vie for control of Circle, a company behind the popular stablecoin USDC. Circle was initially planning an IPO but now seems to be selling its assets. According to sources, both companies have entered discussions with Circle regarding a potential acquisition. 1 While a previous offer from Ripple to acquire Circle for $4-$5 billion was rejected, recent competition has spurred speculation that the price could surge to $6-$6.5 billion. This surge is typical in bidding wars where companies often pay extra, known as a