Ripple's bid to acquire Circle for $4-5 billion has been rejected, as Circle plans to move forward with an IPO this month. This acquisition attempt highlights Ripple's interest in consolidating stablecoin market share, especially after the launch of RLUSD.
Insiders confirm that the rejection has triggered speculation regarding market responses, but a spokesperson for Circle declined to comment on rumors.
Despite the rejection, Ripple's interest persists, and the dynamics of the market may change in response to regulatory developments and future IPO activities.
Full story here: https://coincu.com/335180-ripple-bid-circle-ipo-crypto
