A multi-billion dollar deal threatens the throne of stablecoins

The blockchain giant Ripple made a massive offer of 4-5 billion dollars to acquire Circle, the issuer of the USDC stablecoin, but the surprise was Circle's firm rejection, considering the offer "below true value".

What does Circle's rejection of Ripple's historic offer mean for crypto investors?

1. The USDC coin (second globally after USDT) is the backbone of market trades, while Ripple recently launched its stablecoin RLUSD.

2. Ripple openly announces its intention to acquire infrastructure companies in the field (as stated by CEO Brad Garlinghouse).

3. Circle was valued at 9 billion dollars in 2022 and is now preparing for its public offering (IPO).

Therefore:

- The rejection does not mean the end of the road, as Ripple is still interested in the deal according to sources.

- The battle for the dominance of stablecoins indicates radical shifts in the economy of Web 3.0.

Information🧐:

Stablecoins like USDC and RLUSD are the safety bridge between crypto and traditional currencies, and understanding their movements allows you to make investment decisions wisely.

Share your opinion with us:

- Do you think USDC will maintain its position against RLUSD?

- How much do you expect the true valuation of Circle to be after the public offering? #StablecoinPayments