According to Fortune, one of the leading financial publications around the world, its Circle Internet Financial (Station of the USDC Stable) is having conversations with Coinbase and Ripple Companies. These dialogues are informal for now and could end up with a total circle sale to one of these two companies.
Coinbase manages the largest cryptocurrency exchange in the United States, while Ripple is a bank payment service company, and publishes the cryptocurrencies of XRP (XRP) and Ripple USD (RLUSD).
The four banks and private capital executives who were asked not to be identified have confirmed the negotiations, Fortune said.
The facts are particularly impressive The circle has made documents already presented in early April available for citement on the stock market. If the sale is run to Coinbase or Ripple, this launch will not occur.
“If Coinbase wants to buy them, Circle sells them in a flash,” said one of the fountains that Fortune identifies as “bankers.”
Others said – Fortune said, “Things change week by week.”
It’s worth clarifying Coinbase and Circle have a long history in common They founded the Center Consortium, the company responsible for USDC broadcasting. Currently, both Circle and Coinbase receive 50% of the remaining revenue generated by the reserves supporting USDC. In other words, Coinbase is already profiting from this stable cryptocurrency. If the sale is completed, you will earn all this revenue.
on the other hand, Ripple is very useful as a USDC administratorConsidering that his Stablcoin RLUSD doesn’t have the intended large and rapid recruitment, as Cryptootics reports.
On May 1st, Cryptootics reported it Ripple was already about to buy the circle for $5,000 millionHowever, the offer was rejected.
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