$XRP Ripple's $5B Bid to Acquire Circle Gets Rejected
Ripple has reportedly made a strategic acquisition attempt targeting competitor Circle Internet Group, offering between $4 billion and $5 billion.
However, insiders revealed the offer was dismissed for undervaluing Circle. Despite Ripple’s continued interest, a follow-up bid remains uncertain. Meanwhile, Circle is pushing ahead with plans for an initial public offering filed earlier this month.
Ripple launched its RLUSD stablecoin in December, which currently holds a market value of about $316.9 million. It competes with Circle’s USDC, which has a significantly larger valuation of $61.7 billion.
A Circle spokesperson declined to confirm deal specifics, citing regulatory constraints and a quiet period under the SEC. Ripple also declined public comment.
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