Circle Denies Sale Rumors, IPO Plans Remain in Play

In response to speculation, Circle has clarified it has no plans to sell itself to either Ripple Labs or Coinbase. The company’s denial follows weeks of rumors regarding a potential sale at an estimated valuation of $5 billion. These reports stemmed from various sources suggesting Circle had explored selling at this valuation in preparation for its anticipated IPO. While some sources have attributed the recent surge in speculation to Ripple offering around $4-5 billion, these claims remain unconfirmed.