$USDC

Current situation of USDC and Ripple's offer (April-May 2025):

Ripple Labs attempted to acquire Circle, the issuer of the USDC stablecoin, with an estimated offer between 4 billion and 5 billion dollars. However, Circle rejected this proposal as insufficient, given that USDC has a market capitalization close to 62 billion dollars.

Currently, Circle is in the process of going public (IPO), having submitted its application to the SEC in early April 2025. Due to the quiet period required by regulation surrounding IPOs, Circle has not issued public comments regarding this.

On the other hand, Ripple launched its own stablecoin RLUSD in December 2024, on Ethereum and XRP Ledger. This stablecoin has seen remarkable growth, increasing from 72 million to over 300 million dollars in market capitalization.

Although the purchase did not materialize, Ripple does not rule out attempting again in the future, as part of its strategy to expand in the ecosystem of stablecoins and blockchain financial services.