--- title: "Circle's Choose-Your-Own Exit" date: 2025-05-19 url: "https://x.com/ccatalini/status/1924549607494975964" tags: ['ai-agi', 'stablecoins-payments', 'policy'] deck: "IPO, a Coinbase buy, a Ripple bid, or the PayPal lane — four doors out, each with its own catch." tweetCount: 4 likes: 75 reposts: 9 --- Circle's choose-your-own exit: 1️⃣ IPO—works if it finds a complementary business model 💰 before the Fed trims rates. 2️⃣ [@coinbase](https://x.com/coinbase) buy—feels native: the exchange already pockets ~50% of USDC yield and can truly scale it to the next level📈. 3️⃣ [@Ripple](https://x.com/Ripple) bid—likely the suitor most willing to pay, but how will USDC thrive inside an XRP universe is unclear. 4️⃣ [@PayPal](https://x.com/PayPal) lane—fastest ticket to checkout buttons and ~430 M wallets. [@acce](https://x.com/acce) must be thinking about ⁉️ 5⃣ [@Stripe](https://x.com/Stripe) — cooking up USDB with [@Stablecoin](https://x.com/Stablecoin), which promises to bring developer-native speed for mass-market merchant payments. So why buy? 6️⃣ A dark-horse bank with late-stage stablecoin FOMO and a healthy balance-sheet— though odds are regulatory red tape might be heavier than DIY. Nice problem to have [@jerallaire](https://x.com/jerallaire) & team! 🔥 [x.com](https://x.com/TheBlock__/status/1924526880620753371)