Circle denies reports of considering selling to Coinbase or Ripple According to PYMNTS, stablecoin issuer Circle has made a formal response to a report by Fortune magazine, denying any informal negotiations with Coinbase or Ripple regarding the sale. The company spokesperson emphasized to PYMNTS that 'Circle is not in a state of sale and the long-term goal remains unchanged'. Previously, it was reported that Circle insisted on a valuation of at least $5 billion in IPO and acquisition negotiations, and rejected Ripple's initial offer of $4-5 billion on April 30th.