USDC issuer Circle has denied claims that it engaged in informal acquisition talks with Coinbase or Ripple. The clarification gained traction after a post by Whale Insider on X quoted the company’s statement: “Circle is not for sale. Our long-term goals remain unchanged.”
Circle’s clarification targeted recent chatter about the company possibly looking for a buyout while preparing itself for an initial public offering. Also, the management stressed that the company’s commitment to growth and operating alone has not changed.
According to previous reports, Ripple was interested in buying Circle, but its offer of between $4 billion and $5 billion was turned down. Moreover, Fortune, a notable media outlet, cited undisclosed sources close to the situation, saying that Circle thought the offer price was too low and decided to stick with its initial public offering plans.
Circle revived its plans for a public listing in January 2024 and hired investment banks in April to help with the offering, though the timing of the IPO remains undecided.
JUST IN: 🇺🇸 USDC issuer Circle denies it had informal talks with Coinbase or Ripple regarding a potential sale, stating, “Circle is not for sale. Our long-term goals remain unchanged.” pic.twitter.com/qNnlRI9T6E
— Whale Insider (@WhaleInsider) May 26, 2025
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Industry Giants Push Forward with Acquisitions
The denial from Circle comes during an active period of mergers and acquisitions in the digital asset space. Ripple recently completed a $1.25 billion deal to acquire Hidden Road, a prime brokerage firm. This move positions Ripple as the first cryptocurrency company to operate a multi-asset prime broker.
Coinbase reached new markets after deciding to acquire Dubai-based crypto derivatives exchange Deribit for $2.9 billion. The deal supports Coinbase’s plan to serve customers better abroad and depend less on the U.S. market.
In addition, Circle has been active in the market, acquiring Hashnote in January, the issuer of the USYC stablecoin, homegrown by Cumberland Labs. The purchase is a step toward Circle’s goal of making tokenized financial instruments available to large clients.
Circle’s position has been made clear by the recent statement. The business does not plan to sell and will continue to follow its planned goals.
The company has refuted talks of being acquired by Ripple or Coinbase and announced it would continue to conduct business independently. Ultimately, Circle keeps emphasizing its IPO and is prioritizing strategic development as the industry becomes more united.
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