Ripple had already made an offer by Circle, but was rejected.
Coinbase is already obtaining profits from USDC reserves.
According to Fortune, one of the main financial publications worldwide, the company Circle Internet Financial (station of the USDC stable) is in conversations with the Coinbase and Ripple companies. These dialogues, for now informal, could end in 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 emits XRP (XRP) and Ripple USD (RLUSD) cryptocurrencies.
Four bank and private capital executives who asked not to be identified confirm these negotiations, according to public Fortune
The fact is especially striking because Circle already presented documentation in early April to be able to quote on the stock market. If the sale is carried out to Coinbase or Ripple this launch would not occur.
“If Coinbase would like to buy them, Circle would sell them in an instant,” said one of the fountains, which Fortune identifies as “a banker.”
While another person said – also, according to Fortune’s story – that “things change week by week.”
It is worth clarifying that Coinbase and circle have a long history in common They founded Center Consortium, company responsible for the USDC broadcast. Currently, both Circle and Coinbase receive 50% of the residual income generated by reserves that support USDC. That is, Coinbase is already obtaining profits with this stable cryptocurrency. If the sale is completed, all of this income would be obtained.
On the other hand, Ripple would be very useful as USDC administratortaking into account that his stablcoin rlusd, as cryptootics has reported it, is not having the massive and fast adoption that many intended.
On May 1, cryptootics reported that Ripple had already tried to buy Circle for 5,000 million dollarsbut the offer had been rejected.
