$USDC

Circle, the issuer of USDC, rejected an acquisition offer from Ripple that ranged between $4 billion and $5 billion, considering it very low, according to a special report.

📝 The report stated that negotiations have completely stopped, and Ripple does not intend to improve the offer.

💥 In contrast, Ripple has completed a $1.2 billion acquisition deal for the brokerage firm Hidden Road, which is expected to use its network (XRPLedger) for post-trade transaction settlement, potentially enhancing the role of XRP in the financial infrastructure.

⚖️ Although the U.S. Securities and Exchange Commission 🇺🇲 has not issued a final statement, CEO Brad Garlinghouse announced in March that the legal dispute with the SEC has ended, allowing the company more freedom to operate.

🔥 After entering the stablecoin market via RLUSD, Ripple experienced a strong start, as the market capitalization💰 of the currency rose from $200 million to $300 million at the beginning of April.

⏳ However, momentum has slowed recently, and the market capitalization has not exceeded $320 million so far.

🚀 Nevertheless, trading volumes jumped by 30% over the last day to exceed $50 million.