🥏 Ripple attempted to buy the issuer of USDC — the second largest stablecoin by volume
🪀 The deal was valued at $4–5 billion, but Circle rejected the offer, considering it undervalued.
🧪 According to sources, Ripple is still interested in purchasing
➡️ Circle has already filed for an IPO with the SEC. The circulating USDC amount is $60 billion, and the company's market valuation is between $5 and $9 billion. Main underwriters: JPMorgan and Citigroup.
🗓 In December, Ripple launched its own stablecoin RLUSD, backed by the dollar and U.S. government bonds.
📊 Against the backdrop of mergers, Ripple is also acquiring the broker Hidden Road for $1.25 billion.
