TechFlow news, May 27 — According to The Crypto Basic, Circle, the issuer of the stablecoin USDC, has denied rumors that it plans to sell itself to cryptocurrency firms Ripple Labs or Coinbase. Earlier media reports suggested that Circle was having informal discussions about a potential sale of the company at a $5 billion valuation. A Circle spokesperson clearly stated that the company has no plans for a sale and will continue focusing on its long-term goals.
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