Circle closes the rumors of sale to Ripple or Coinbase – but the story has not yet ended
In a direct response to the growing speculation, Circle has officially rejected any plans to sell itself either to Ripple Labs or Coinbase. The company, which issues USDC Stablecoin, made the statement through a spokesman pymntsHe rejected the reports that entered unofficial talks to explore a sale process on it 5 billion dollars.
This denial comes after weeks of rumors of rotation – some of them are completely detailed. It is worth noting, luck I mentioned that the department was already weighing a sale in the same evaluation that it targets for the long -awaited long time Public subscription. According to Bloomberg and other sources, According to Ripple, a preliminary offer ranging between 4 and 5 billion dollarsWhich was rejected. Coinbase, in turn, is allegedly entered, which leads to a Bid war Among the two strongest names in the United States.
Public subscription plans are still in playing, but with no history on the horizon
Even while closing gossip in the acquisition, Circle remains focused on public offering. The company announced for the first time the public subscription plans again in late 2022, but they have been delayed and prepared since then. Recently, in January 2024, Circle restarted the ambiguity ambitions and lines investment banks to include the offer. but, No date has been confirmedThe market is closely watched.
This is uncertain, along with prominent acquisition rumors, raised questions about The independence of a long -term circle How much flexibility she gave her joint project with coinbase.
What makes this story more complicated is the current relationship between Circle and Coinbase. In 2018, both companies participated in establishing Consortium Center To manage the Usdc version. Coinbase is still carrying The minority share in Circle And profits are assets that support USDC. As part of this agreement, The department cannot enter any partnerships that threaten Coinbase’s USDC revenues without Coinbase’s approval.
This arrangement is likely to be given Coinbase The first engine feature In any acquisition discussions, if they are revived. It is still, ThecryptobasicS. Thread shows this, at the present time, The circle is publicly committed to staying independent.
What if Ripple has already bought a circle?
Just a few days ago, our team is in Captainaltcoin Explore this precise possibility in an advantage article: Here’s the XRP price if Ripple buys the circle. The article shows how this deal can significantly change XRP position in Stablecoin and Payments.
In optimistic scenario, Circle’s acquisition:
- Put Usdc under Ripple’s umbrellaEffectively give XRP indirect control over one of the best two stablecoins
- Enhancing Ripple Defi and CBDC aspirations, creating synergy between RLUSD and USDC
- Possible to lead XRP to $ 3.80 or higherBased on the demand for integrated payments and smart contract functions
While the denial of Surke puts this scenario to stop, the analysis remains relevant – because if the public subscription or macro conditions is turning, Ripple may return to the table with a stronger width.
Also read: XRP can be the person who mixes Bitcoin – here is how this happens
What is the final?
The denial of the general titles will be cool at the present time, but the basic dynamics have not changed. Ripple sits on the huge public budget. Coinbase has already integrated influence through its central agreement. The circle is still depressed.
Even if there is no sale of this quarter, The circle in the midst of power struggle between two American encryption giantsAnd the results can reshape the stablecoin dominance for years to come.
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