Stablecoin发行人Circle Internet Financial Ltd.可能以超过50亿美元的价格出售

该出版物引用了四个消息来源，称该公司最近进行了有关收购的“非正式会谈”。

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

据《财富》报道，Stablecoin发行人Circle Internet Financial Ltd可能以超过50亿美元的价格出售。

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.

该出版物引用了四个消息来源，称该公司最近进行了有关收购的“非正式会谈”。人们认为，这家公司可以由Coinbase Global Inc或Ripple Labs Inc.公司购买。这家前公司在美国运营最大的加密货币交易所，而后者则提供了一个由Stablecoin驱动的支付平台。

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.

该报告是在Circle申请首次公开募股的几周后。据《财富》报道，该公司尚未为上市设定条款或推出其路演。该出版物的消息人士称，“有机会”圈子将决定进行销售而不是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.

该公司在一份声明中反对该报告。圈子发言人告诉《财富》，“圈子不是出售的。” “我们的长期目标保持不变。

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.

该公司首先试图通过SPAC或专用收购公司Merger在2022年公开公开。在美国证券交易委员会的监管审查后，该交易被取消。

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的发行人，USDC是一个受欢迎的Stablecoin，与美元挂钩。加密货币得到了现金和现金当量资产（例如美国国债账单）的支持。 Circle从这些储量产生的利息中产生收入。

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的发行约为600亿美元，代表Stablecoin市场的四分之一以上。 Circle的收入从2020年的1,540万美元增加到去年的16.8亿美元。该公司在维持盈利能力的同时实现了增长：净收入为1.56亿美元。

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，它可能会探索其他收入增长来源。这项工作将使该公司推出了所谓的TMMF投资工具。这是货币市场基金的区块链动力版本，这是一种投资现金和短期债务的低风险基金。

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被视为Circle最有可能的收购方。负责发行USDC的组织中心财团由两家公司共同经营。随后，他们签署了一项协议，该协议授予了USDC以美元计价的资产储备产生的50％的利息为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.”

当USDC存储在其加密货币平台上时，Coinbase的份额增加到100％。此外，它可以防止圈子签署可能影响其收入共享协议的合作伙伴关系。财富引用了其中一个消息来源说：“我觉得这是一家公司。”

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.

自今年年初以来，Coinbase已进行了多次收购。本月早些时候，它同意以29亿美元的价格收购加密货币衍生品市场deribit。该公司此前购买了一家名为Spindl的初创公司，该初创公司开发了一个由区块链供电的广告平台。