Ripple reportedly offered $4–5 billion to acquire stablecoin issuer Circle, but the offer was rejected as undervalued. The bid came shortly after Circle filed for an IPO in the U.S. Ripple hasn’t decided whether to pursue the deal further. Recently, Ripple acquired Hidden Road for $1.2 billion to expand the XRP ecosystem. On the legal front, Ripple settled its case with the SEC, agreeing to pay $50 million after the agency dropped its appeal.