US EditionXRP Issuer Ripple Reportedly Offered to Buy USDC Issuer Circle
- In early 2025, Ripple proposed purchasing Circle, the company behind the USDC stablecoin, with a bid ranging from $4 billion to $5 billion, but Circle declined the offer.
- Ripple made an acquisition proposal while Circle continues to pursue an IPO, following the failure of a previous $9 billion merger agreement and facing increased competition within the stablecoin market.
- Ripple, known for its XRP token and the $316.9 million RLUSD stablecoin launched in late 2024, seeks to challenge Circle's USDC, which has a market cap of over $61 billion.
- Bloomberg reported that Circle rejected the bid for being too low while analysts estimate its IPO valuation between $4 billion and $6 billion, underscoring stablecoin sector importance.
- The rejection reflects Circle's confidence in independent growth and plans to increase global market share, while Ripple has not ruled out future offers amid intensifying competition.
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Ripple’s $5 Billion Bid for Circle: What Happened, Why It Matters, and What It Means for Crypto
(Analysis) Ripple, a blockchain payments company, recently offered $4 billion to $5 billion to acquire Circle, the issuer of the USDC stablecoin, according to multiple sources. Circle rejected the bid, considering it too low, and continues to focus on its planned initial public offering filed earlier this month. The move highlights intensifying competition in the […]
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Total News Sources96
Leaning Left7Leaning Right10Center9Last UpdatedBias Distribution38% Right
Bias Distribution
- 38% of the sources lean Right
38% Right
L 27%
C 35%
R 38%
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