Circle denies rumors of sale to Coinbase or Ripple
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Planet Daily News: Stablecoin issuer Circle denied rumors of selling the company to San Francisco crypto firms Ripple Labs or Coinbase. A Circle spokesperson refuted these claims in a recent statement to PYMNTS, following reports that Circle was conducting informal discussions to sell the company at a $5 billion valuation, which aligns with its initial public offering (IPO) target valuation. Despite these reports, the Circle spokesperson emphasized the denial of any plans to sell to entities including Coinbase and Ripple, and stated that Circle remains committed to its long-term goals.
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