The post Ripple CEO Denies $5 Billion Bid to Buy Circle Amid Speculation appeared first on Coinpedia Fintech News
Ripple CEO Brad Garlinghouse has denied recent reports claiming the company offered up to $5 billion to acquire stablecoin issuer Circle. This contradicts weeks of speculation and rumors that both Ripple and Coinbase were in talks to buy Circle. However, Circle has consistently stated it is not for sale. The company is set to go public this week with a strong valuation of $7.2 billion, trading under the ticker CRCL.