30 / April / 2025

Ripple rejects $5 billion offer for stablecoin issuer Circle

The blockchain payments company Ripple has made an offer to acquire Circle, a stablecoin issuer, for an amount between $4 billion and $5 billion, according to Bloomberg. However, Circle reportedly rejected the offer as it was considered too low.

Ripple has not yet decided whether it will make another offer to acquire the stablecoin issuer. This event occurred less than a month after Circle requested an initial public offering (IPO) in the United States. The details of this IPO, including the date and proposed price range, have not yet been revealed.

Circle's decision to reject Ripple's offer comes amid its plans to go public. The company's request for an IPO indicates its intention to list on a U.S. exchange, a move that would open the company to a broader base of general investors.

Ripple, for its part, has been expanding its presence in the blockchain payments sector. The offer for Circle is seen as part of this growth strategy. However, with the rejection of this offer, it remains to be seen what steps Ripple will take next in its expansion plans.

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