Ripple Labs, a company known for its cryptocurrency $XRP , made an offer to acquire Circle, the issuer of the USDC stablecoin, for an amount between $4 to $5 billion, Bloomberg reports. However, Circle rejected the offer, considering it too low compared to the company's market value, which is estimated at $4–6 billion before the IPO. This is reported by CoinDesk and Coinspot, citing sources close to the negotiations. Despite the rejection, Ripple maintains interest in the deal, but no new offers have been made yet.
The acquisition attempt took place against the backdrop of Circle's preparation for an IPO, for which the company filed with the SEC in April 2025. Previously, Circle had attempted to go public through a SPAC in 2022, valuing itself at $9 billion, but the deal did not materialize. The media notes that the rejection may be related to the unstable market situation due to the trade wars of the Trump administration.
This event fuels interest in consolidation within the stablecoin sector, where USDC ranks second after USDT. Analysts believe that Ripple aims to strengthen its position in the market, but a higher offer is needed for success. Stay tuned for news on #MiningUpdates!
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