Stablecoin發行人Circle Internet Financial Ltd.可能以超過50億美元的價格出售

該出版物引用了四個消息來源，稱該公司最近進行了有關收購的“非正式會談”。

Stablecoin issuer Circle Internet Financial Ltd could potentially be sold for more than $5 billion, Fortune reported today.

據《財富》報導，Stablecoin發行人Circle Internet Financial Ltd可能以超過50億美元的價格出售。

The publication cited four sources as saying that the company recently held “informal talks” about an acquisition. It’s believed that the former company could be bought by Coinbase Global Inc or Ripple Labs Inc. The former company operates the largest cryptocurrency exchange in the U.S., while the latter offers a stablecoin-powered payment platform.

該出版物引用了四個消息來源，稱該公司最近進行了有關收購的“非正式會談”。人們認為，這家公司可以由Coinbase Global Inc或Ripple Labs Inc.公司購買。這家前公司在美國運營最大的加密貨幣交易所，而後者則提供了一個由Stablecoin驅動的支付平台。

The report comes weeks after Circle filed for an initial public offering. According to Fortune, the company hasn’t yet set terms for the listing or launched its roadshow. The publication’s sources stated that “there is a chance” Circle will decide to pursue a sale instead of an IPO.

該報告是在Circle申請首次公開募股的幾週後。據《財富》報導，該公司尚未為上市設定條款或推出其路演。該出版物的消息人士稱，“有機會”圈子將決定進行銷售而不是IPO。

The company pushed back against the report in a statement. “Circle is not for sale,” a Circle spokesperson told Fortune. “Our long-term goals remain the same.

該公司在一份聲明中反對該報告。圈子發言人告訴《財富》，“圈子不是出售的。” “我們的長期目標保持不變。

The company first attempted to go public in 2022 through a SPAC, or special-purpose acquisition company, merger. The deal was canceled following regulatory scrutiny from the U.S. Securities and Exchange Commission.

該公司首先試圖通過SPAC或專用收購公司Merger在2022年公開公開。在美國證券交易委員會的監管審查後，該交易被取消。

Circle is the issuer of USDC, a popular stablecoin pegged to the U.S. dollar. The cryptocurrency is backed by reserves of cash and cash-equivalent assets such as U.S. Treasury Bills. Circle generates revenue from interest generated by those reserves.

Circle是USDC的發行人，USDC是一個受歡迎的Stablecoin，與美元掛鉤。加密貨幣得到了現金和現金當量資產（例如美國國債賬單）的支持。 Circle從這些儲量產生的利息中產生收入。

The circulation of USDC is about $60 billion, which represents more than a quarter of the stablecoin market. Circle’s revenue surged from $15.4 million in 2020 to $1.68 billion last year. The company achieved that growth while maintaining profitability: It ended 2024 with net income of $156 million.

USDC的發行約為600億美元，代表Stablecoin市場的四分之一以上。 Circle的收入從2020年的1,540萬美元增加到去年的16.8億美元。該公司在維持盈利能力的同時實現了增長：淨收入為1.56億美元。

In its IPO filing, Circle stated it may explore additional sources of revenue growth down the line. The effort will see the company launch a so-called TMMF investment vehicle. This is a blockchain-powered version of a money market fund, a type of low-risk fund that invests in cash and short-term debt.

Circle在IPO文件中表示，它可能會探索其他收入增長來源。這項工作將使該公司推出了所謂的TMMF投資工具。這是貨幣市場基金的區塊鏈動力版本，這是一種投資現金和短期債務的低風險基金。

Coinbase is seen as Circle’s most likely acquirer. Centre Consortium, the organization that was responsible for issuing USDC until 2018, was jointly operated by the two companies. They subsequently signed an agreement that grants 50% of the interest generated by USDC’s dollar-denominated asset reserves to Coinbase.

Coinbase被視為Circle最有可能的收購方。負責發行USDC的組織中心財團由兩家公司共同經營。隨後，他們簽署了一項協議，該協議授予了USDC以美元計價的資產儲備產生的50％的利息為Coinbase。

Coinbase’s share increases to 100% when USDC is stored on its cryptocurrency platform. Furthermore, it can prevent Circle from signing partnerships that may affect their revenue sharing agreement. Fortune cited one of its sources as saying that “I feel like they’re one company.”

當USDC存儲在其加密貨幣平台上時，Coinbase的份額增加到100％。此外，它可以防止圈子簽署可能影響其收入共享協議的合作夥伴關係。財富引用了其中一個消息來源說：“我覺得這是一家公司。”

Coinbase has made multiple acquisitions since the start of the year. Earlier this month, it agreed to acquire cryptocurrency derivatives marketplace Deribit for $2.9 billion. The company previously bought a startup called Spindl that developed a blockchain-powered advertising platform.

自今年年初以來，Coinbase已進行了多次收購。本月早些時候，它同意以29億美元的價格收購加密貨幣衍生品市場deribit。該公司此前購買了一家名為Spindl的初創公司，該初創公司開發了一個由區塊鏈供電的廣告平台。