There is a new development regarding the alleged historical acquisition agreement that Ripple will make: The company has made a statement!

Stablecoin issuer Circle categorically denied claims that it is in informal talks for a possible sale with Coinbase and Ripple. In a statement, the company said, "Circle is not for sale. Our long-term goals have not changed."

In a report based on Fortune's paid content, it was claimed that Circle is in discussions to sell for at least $5 billion in valuation with both Coinbase and Ripple. However, Circle quickly denied these allegations and reiterated that it is focused on the IPO process it applied for in April (IPO).

It was reported that on April 30, Ripple made a purchase offer to Circle between 4 to 5 billion dollars, but this offer was rejected by Circle as "insufficient." The report stated that Ripple is still interested in the deal but has not yet decided whether to make a new offer.

Circle's plans for an IPO were initially postponed in late 2022, and then the company announced in January 2024 that it was reviving its plans to go public. On April 1, it was reported that Circle had reached agreements with investment banks for its potential IPO, but the exact date of the IPO had not yet been determined.

Recent mega acquisitions in the cryptocurrency sector have gained momentum with the coming into office of a crypto-friendly White House administration and the more flexible regulatory environment in the US.

Ripple announced on April 8 that it has acquired Hidden Road, a multi-asset prime broker service, for $1.25 billion. With this acquisition, Ripple became the first crypto company to operate in this field.

Coinbase announced on May 9 that it plans to acquire the Dubai-based derivative crypto exchange Deribit for $2.9 billion. The company stated that this move aims to strengthen its position in the global derivative market and expand its presence outside the US.