According to Odaily Planet Daily, Ripple CEO Brad Garlinghouse stated in Las Vegas that the company has never sought to acquire the stablecoin issuer Circle, refuting previous reports that Ripple made a $5 billion bid. A spokesperson for Circle stated, 'The company is not for sale.' Circle plans to list with the code CRCL as early as this week, with a valuation of $7.2 billion, intending to issue 32 million Class A common shares, with a price range of $27 to $28. Ripple launched the stablecoin RLUSD last year, which currently has a market value of $310 million, far lower than USDC's $61.5 billion. Ripple stated that future mergers and acquisitions will focus on companies connecting traditional finance with the crypto ecosystem. In April of this year, Ripple acquired Hidden Road for $1.25 billion.

#XRP #USDC