Circle, the USDC Stablecoin issuer, has taken significant steps towards a Initial Public Offer (OPI). However, recent reports suggest that IPAR can face uncertainty as the company participates in informal discussions about a potential sale to global coinbase or Ripple.
Circle would sell Coinbase ‘in a beat’
According To the familiar sources with the negotiations that spoke with fortune, Circle is looking for an assessment of at least $ 5 billion, the same sum that points to its opi. A banker who participated in the discussions said that if Coinbase made a genuine offer, Circle would probably take it quickly, highlighting the close relationship of the two companies.
“If Coinbase would like to buy them, Circle would be sold in a heart,” said the source. Another executive commented that the situation is fluid, and developments occur weekly.
Despite the ongoing conversations, Circle is still committed to his OPI plans. The firm has not yet finished the terms for the offer or launches your roadshow. In particular, both Circle and Coinbase have a story together; They co -founded the Central Consortium in 2018, which is responsible for issuing the USDC.
As part of its association, Coinbase acquired a capital participation in Circle when the company concluded in 2023, while Circle took a total USDC governance.
He financial arrangement Between Circle and Coinbase it has been mutually beneficial, and both companies share income generated from USDC reserves. According to Circle S-1 presentation, the agreement stipulates that each party receives 50% of the residual income of the reserves.
However, Coinbase retains 100% of the income when the USDC remains on its platform, a situation that has probably become more frequent as Coinbase profits indicate an increase in income of this association.
Expert states that Ripple has an advantage
Ripple, on the other hand, has also expressed interest in acquiring Circle, according to reports, offering between $ 4 billion and $ 5 billion for the company. This offer was rejected for being too low, according to a bitcoinist report.
Any potential offer of Ripple would probably imply a combination of its native, XRP and effective cryptocurrency, taking advantage of Ripple’s substantial balance, which includes billions of dollars in XRP.
In contrast, Coinbase could finance a acquisition Using cash and shares, since it had approximately $ 8 billion in cash as of March 31, 2025. The CEO of Coinbase, Brian Armstrong, has recognized the company’s opening to mergers and acquisitions, but has emphasized the importance of successful integration after a purchase.
However, according to the market expert Paul Barron’s update On the matter on the social media site X (previously Twitter) on Monday, Ripple has an advantage in acquiring the power of Stablecoin, with a potential price of $ 9 to $ 11 billion.
XRPOn the other hand, it is quoted at $ 2.38, 14% more in the month. With regard to date, Altcoin has exceeded the ten largest cryptocurrencies in the market, with an increase of 367%.
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