‘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
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