Stablecoin issuer Circle has officially denied recent media reports suggesting it was engaged in informal acquisition talks with Coinbase or Ripple, while reiterating its commitment to pursuing an initial public offering (IPO).
In a statement on May 19, a Circle spokesperson stated: “Circle is not for sale. Our long-term goals remain the same.”
This response came after Seeking Alpha cited a paywalled Fortune article claiming Circle was in negotiations seeking a valuation of at least $5 billion—both in its IPO and in discussions with potential buyers including Ripple and Coinbase.
Earlier, it was reported that Circle rejected a $4–5 billion takeover offer from Ripple, deeming the valuation too low. Despite the rejection, Ripple reportedly remains interested in pursuing a deal, although no further offers have been confirmed.
IPO Plans Move Forward
Circle formally filed for an IPO in April 2025, and according to previous reports, has already enlisted investment banks to underwrite the offering. The exact timing of the public debut remains undecided. The company had initially planned to go public in December 2022, but postponed due to unfavorable market conditions.
Circle CEO Jeremy Allaire previously emphasized the firm’s focus on institutional infrastructure. In January 2024, the company acquired Hashnote, the issuer of the USYC stablecoin, calling it a major advancement for tokenized treasury markets.
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Source: https://coindoo.com/circle-denies-sale-talks-with-ripple-and-coinbase-reaffirms-ipo-focus/