NOTES / 2025.05.19 · 4-post thread · 75 likes
Circle's Choose-Your-Own Exit
IPO, a Coinbase buy, a Ripple bid, or the PayPal lane — four doors out, each with its own catch.
Circle’s choose-your-own exit: 1️⃣ IPO—works if it finds a complementary business model 💰 before the Fed trims rates. 2️⃣ @coinbase buy—feels native: the exchange already pockets ~50% of USDC yield and can truly scale it to the next level📈.
3️⃣ @Ripple bid—likely the suitor most willing to pay, but how will USDC thrive inside an XRP universe is unclear. 4️⃣ @PayPal lane—fastest ticket to checkout buttons and ~430 M wallets. @acce must be thinking about ⁉️
5⃣ @Stripe — cooking up USDB with @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 & team! 🔥 x.com
Originally published as a thread on X.