Urgent⚠️: Ripple offers to acquire the stablecoin company Circle for $5 billion!
Multiple reports on social media indicate that the company #Circle , the second largest issuer of stablecoins, rejected a massive $5 billion acquisition offer from Ripple $XRP
. The major stablecoin issuer had recently filed for an initial public offering but later suspended its plans following the chaos of Trump’s tariffs.
Previous reports from Matthew Sigel of VanEck indicated that Circle's planned IPO included a valuation of shares ranging from $4 to $6 billion. Thus, it seems Ripple $XRP attempted to match this valuation.
Ripple's currency is recorded at $2.1888, down 4.38% amid a broad decline affecting the majority of major cryptocurrencies following negative U.S. data that raises the chances of the U.S. economy falling into recession.