The Circle of the Stablecoin transmitter, which posed a first public call to public (IPO) last month, explored the alternative of a sale at Crypto Exchange Coinbase (Coin) or a Ripple payment company, according to a Monday report by fortune.
The USDC New York -based issuer in New York, the second largest stablecoin, participated in informal discussions on a potential sale from which he was looking for at least $ 5 billion, has reported fortune, citing people who asked not to be identified.
This figure would be the line with the assessment of the company by the JPMorgan and Citi investment banks, which Circle had hired to help the IPO.
Coinbase holds a minority part in a circle and the two companies share the income of reserve interest income of the USDC. Ripple recently started his own stablecoin, Rlusd. An offer from Ripple To Buy Circle was rejected, Bloomberg reported last month.
Circle said in a statement sent by e-mail that he “was not for sale” and that he remains determined to become public, said Fortune. The company abandoned a previous attempt to become public via a merger of acquisition company for special purposes (SPAC) in 2021.
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