Circle Denies Sale Talks With Ripple and Coinbase, Reaffirms IPO Focus
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.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
