Behind Circle’s Public Listing Push Lies Private Bidding War With Crypto Giants: Report — TradingView News
As stablecoins gain adoption in the global financial system, a high-stakes power play is emerging behind the scenes. In early April, Circle filed paperwork to go public in the U.S., aiming for a valuation of at least $5 billion.
Circle, the company behind USDC, is now caught in a crucial moment, publicly pursuing an IPO while quietly exploring a potential sale to two crypto heavyweights: Coinbase and Ripple, Fortune reported.
However, that IPO plan may never make it to Wall Street. Four executives in banking and private equity say Circle has been in informal sale discussions with both Coinbase and Ripple, which could upend its public listing.
Behind the IPO Curtain
Though Circle remains committed to going public, it hasn’t yet launched…
