Circle Draws Acquisition Interest from Coinbase and Ripple Despite IPO Plans

Sources close to the matter say both Coinbase and Ripple are exploring a potential deal, with Coinbase emerging as the more likely buyer.

Despite having filed for a public listing in April, Circle hasn’t ruled out selling if the right offer comes along. Ripple previously made a bid—believed to be in the $4–5 billion range—but it was turned down.

While no formal negotiations are underway, insiders claim Circle would seriously consider a higher bid, particularly from Coinbase.

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The interest comes amid rising crypto M&A activity. Coinbase recently acquired Deribit for nearly $3 billion, while Ripple spent $1.25 billion acquiring Hidden Road. Ripple’s deep reserves of XRP could help fund another bid, though its motivations remain unclear as it also develops its own stablecoin, RLUSD.

Circle plays a crucial role in the stablecoin sector, with USDC widely used across both centralized exchanges and DeFi platforms. A takeover by a major player could reshape the competitive landscape and influence how stablecoins are integrated into global crypto infrastructure.

The post Circle Draws Acquisition Interest from Coinbase and Ripple Despite IPO Plans appeared first on Coindoo.