Circle’s IPO Filing Uncovers $210M Deal with Coinbase Over Centre Consortium

TL;DR Circle disclosed in its IPO filing that in 2023, it purchased the remaining 50% equity stake in Centre Consortium from Coinbase for $210 million worth of shares. This acquisition positioned Circle as the sole issuer of the USDC stablecoin, effectively dissolving the joint venture entity Centre. The deal strengthens Circle’s standing in the crypto. . . source: https://crypto-economy.com/circles-ipo-filing-uncovers-210m-deal-with-coinbase-over-centre-consortium/