Behind the general list of Serkel lies the war of special bids with encryption giants: Report – TradingView News
With Stablecoins adoption in the global financial system, high -risk power game behind the scenes appears. In early April, Circle made papers to the public in the United States, with the aim of evaluating at least $ 5 billion.
Serkel, the company behind the USDC, has now been arrested at a decisive moment, and publicly follows the public subscription with a potential sale to two heavy weights: Coinbase and Ripple, Fortune said.
However, the public subscription plan may not reach Wall Street. Four of the CEOs and private stocks said that Circle was in unofficial sale discussions with both Coinbase and Ripple, which could increase its general list.
🚨 Breaking: Circle applied for a public subscription, plans to include the Class A on the New York Stock Exchange under the “CRCL” code. pic.twitter.com/ugm1p1ml1c
Behind the subscription curtain
Although Circle is still committed to the audience, it has not yet launched the road to public subscription or final conditions. Lack of momentum leaves room for other results.
Coinbase has obtained a share in Circle, and the two companies are still participating in revenue from USDC reserves. It is important, Coinbase earns all reserve revenues when the USDC is kept on its platform, which is frequently frequent, according to its profit reports.
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According to the CRK-1 deposit, the current agreement gives Coinbase much more than just revenues. Circle needs Coinbase’s approval to formulate the main main partnerships of USDC. Coinbase also has partial rights for the intellectual property circuit if the circle becomes affected.
These terms make Coinbase not just a partner, but a natural product. With 8 billion dollars in cash and the market cover of $ 56 billion, the stock exchange publicly has a financial fire force to quickly close a deal. The last addition to the S&P 500 not only added the momentum.
Ripple offers its offer
Ripple is also in this mixture, where it was displayed from 4 to 5 billion dollars to gain the circle. This offer was rejected as very low, but Ripple has resources to try again. Its value is about $ 11.8 billion from XRP and about 96 billion dollars in the warranty. Any new offer is likely to combine XRP and criticism.
Stablecoins is increasingly seen as USDC as the digital twin of the US dollar. Control of the department can mean affecting a basic component of tomorrow’s financial infrastructure.
Public subscription ambitions remain in a sound now. The last success may encourage Etoro for the first time, as its shares jump 29 % on the first day, Circle on a follow -up. However, sources close to the matter indicate that the acquisition is still a very real possibility.
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