Circle Internet Financial is exploring a sale to either Coinbase or Ripple while aiming for a minimum valuation of 5 billion USD. Ripple’s previous 4-5 billion USD offer for Circle was dismissed as inadequate.
Despite planning an IPO, Circle faces challenges due to macroeconomic uncertainties impacting the overall IPO market. Coinbase, having recently acquired Deribit for 2.9 billion USD, is poised for further acquisitions.
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