Circle denies reports it considered selling to Coinbase or Ripple

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PANews reported on May 27 that according to PYMNTS, stablecoin issuer Circle officially responded to the Fortune magazine report, denying informal negotiations with Coinbase or Ripple on the sale. The company spokesperson emphasized to PYMNTS that "Circle is not for sale and its long-term goals remain unchanged." It was previously reported that Circle insisted on a valuation of at least $5 billion in IPO and acquisition negotiations, and had rejected Ripple's initial offer of $4-5 billion.

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