Ripple reportedly made a $5 billion offer to acquire Circle, the leading stablecoin issuer, which the latter company rejected.
Further reports suggest that Circle was not categorically opposed to buyout offers, but the $5 billion offer was too low.
Has Ripple attempted to buy out its competitors?
According to numerous reports on social media, allegedly obtained from a Bloomberg terminal, Circle rejected Ripple's large buyout offer. The well-known stablecoin issuer recently filed for an IPO but subsequently suspended its plans due to Trump's tariff chaos.
In other words, this IPO suggests that Circle may be open to acquisition offers in the future, and Ripple has made its attempt. Ultimately, analysts have expressed concerns about Circle's financial condition. Ripple executives, for their part, recently stated that they have no plans to go public.
Ripple enters the stablecoin market with RLUSD, an asset that directly competes with USDC from Circle. The market capitalization of Ripple's RLUSD stablecoin has been steadily increasing over the past 3 months and currently stands at $318 million.
This would be a powerful business opportunity if the company could acquire the expertise and market share of Circle's stablecoins. It is currently unclear whether further negotiations will take place or if other companies will make larger offers.#BinanceSquare #Write2Earn #BinanceAlphaAlert #Binance #news $BNB
