‘Circle is not for sale, ‘ the USDC stablecoin issuer has clarified amid the ongoing rumors of a Coinbase or Ripple buyout. While the crypto industry was recently abuzz with talks of a possible sale, the stablecoin firm has denied the report. Furthermore, it continue pursue its plans of an Initial Public Offering (IPO), and a possible listing on the New York Stock Exchange (NYSE) later this year. Circle Rejects $5 Billion Ripple Takeover Bid Previous reports suggested that blockchain firm Ripple offered $5 billion in a takeover bid for stablecoin firm Circle. However, during the negotiation process, the USDC issuer had denied the bid of $4-$5 billion from Ripple, stating that it was too low and insufficient. While Ripple reportedly remains interested in pursuing a deal, it has yet to decide on making a revised proposal. Meanwhile, the USDC issuer continues to prioritize its plans for an IPO. In… Read More at Coingape.com

The post ‘Circle Is Not For Sale’ Company Denies Plans for Coinbase or Ripple Buyout appeared first on CoinGape.

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