Odaily News Circle, the issuer of stablecoin USDC, is still pushing forward its IPO plan with a target valuation of at least $5 billion. At the same time, the company is also in informal talks with Ripple and Coinbase about potential acquisitions. Previously, Ripple had offered $4-5 billion to acquire Circle but was rejected. If the acquisition is successful, Ripple may pay in cash and XRP, while Coinbase may pay in cash and stock. Circle submitted its IPO application on April 1, but later said it might be postponed due to economic uncertainty. (Cointelegraph)