Circle denies rumors of sale to Coinbase or Ripple

Odaily News Stablecoin issuer Circle has denied rumors of a sale to San Francisco crypto firm Ripple Labs or Coinbase. A Circle spokesperson refuted the claims in a recent statement to PYMNTS following reports that Circle was in informal discussions to sell the company at a valuation of $5 billion, which is consistent with its target valuation for an initial public offering (IPO). Despite the reports, a Circle spokesperson emphatically denied plans to sell to any entity, including Coinbase and Ripple, and said Circle is committed to its long-term goals.