Cryptocurrency

As Ripple IPO Speculation Continues, Another Crypto Behemoth Is About To Go Public

In recent months, the crypto community has been buzzing with rumors of initial public offerings (IPOs), and the focus has shifted from Ripple to Circle because is based on speculation for the former, but becoming a reality for the latter.

While Ripple, the company behind the XRP cryptocurrency, has long been speculated to be considering an IPO, reports now suggest that Circle, the issuer of the USD Coin (USDC) stablecoin, may take center stage with its potential public debut in 2024.

Read Also: Crypto Pundit Highlights Signs of an Impending Ripple IPO

Circle IPO: A Long-Awaited Debut

Circle, known for its USDC stablecoin, has been no stranger to IPO rumors. Back in July 2021, the company announced plans for a public debut through a blank-check merger with Concord Acquisition Corp, valuing the company at an impressive $4.5 billion. However, regulatory hurdles caused the deal to fall through, leaving investors in anticipation.

Undeterred by the setback, Circle is now in talks with advisers about filing an IPO in 2024, according to a recent Bloomberg report. While the company has neither confirmed nor denied this rumor, the mere possibility of a Circle IPO has ignited excitement among investors who see it as a significant development in the ever-evolving crypto industry.

Ripple IPO: Uncertainty Looms

On the other hand, Ripple’s IPO plans remain in limbo due to its ongoing legal battles with the U.S. Securities and Exchange Commission (SEC). Ripple, the major distributor of XRP, has also been the subject of IPO rumors, but the company’s legal troubles have cast doubt on the feasibility and timing of such a move.

The SEC filed a lawsuit against Ripple in December 2020, alleging that XRP is an unregistered security. This lawsuit has created uncertainty around Ripple and its future, making it challenging for the company to make concrete plans for an IPO. While Ripple maintains that XRP is not a security, the protracted legal battle has posed significant hurdles.

Read Also: Harvard Releases Case Study That Could Be Used For Ripple IPO Valuation

Market Impact

While Ripple’s IPO plans remain uncertain, the potential for Circle to go public in 2024 marks a notable milestone for the crypto industry. A successful IPO by Circle would not only bring further legitimacy to the crypto space but also attract new investors seeking opportunities in this rapidly evolving market.

Investors are advised to closely monitor developments surrounding Circle’s IPO plans, as a successful debut could have a positive impact on the overall crypto market. However, it is essential to recognize that going public also brings added scrutiny and regulatory requirements, which companies like Circle must carefully consider before making a final decision.


Follow us on Twitter, Facebook, Telegram, and Google News

Adedoyin Aka

Adedoyin is a graduate of Law and a Crypto & Blockchain expert who strongly believes that Blockchain is the future. At TimesTabloid, she focuses on crypto and blockchain educational content.

Recent Posts

Crypto Pioneer Netki Powers Seamless KYC and Compliance Solutions Across the Sui Ecosystem

Grand Cayman, Cayman Islands, May 16th, 2024, ChainwireWith the launch of Netki’s DeFi Sentinel on…

41 mins ago

SHIB 24 Hours Frenzy Makes Crypto Cool Again, Is This A Turning Point For Altcoins?

The recent 24-hour frenzy around Shiba Inu (SHIB) has reinvigorated the cryptocurrency market, making altcoins…

43 mins ago

Crypto Whales Abandon Retik Finance! BlockDAG Presale Update Ignites $1M Daily Sales Surge – What’s the Hidden Truth?

As anticipation builds for the forthcoming Retik Finance Exchange Listings, BlockDAG has taken a decisive…

43 mins ago

Forget Shiba Inu Mania! NFTFN Primed to Become the Next Viral Crypto

Move over, Shiba Inu! The next viral cryptocurrency is here, and its name is NFTFN.…

3 hours ago

BlockDAG’s New Dashboard Drives Growth With $10 Price Forecast, Outpacing Solana (SOL) Recovery and SHIB Price Predictions

Solana’s (SOL) potential recovery is gaining momentum as institutional inflows surge. Meanwhile, SHIB price prediction…

3 hours ago

Analyst: Cardano (ADA) Poised for 15x Rally

Cardano (ADA), the native token of the Cardano blockchain platform, has experienced a significant price…

3 hours ago