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$USDC A multi-billion dollar deal threatens the throne of stablecoins

Blockchain giant Ripple has made a massive offer of $4-5 billion to acquire Circle, the issuer of the USDC stablecoin, but the surprise was Circle's outright rejection, considering the offer "below its true value".

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

1. The USDC coin (second globally after USDT) forms the backbone of trading in the market, 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 in 2022 and is now preparing for its initial public offering (IPO).

Thus:

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

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

Fact🧐:

Stablecoins like USDC and RLUSD are the bridge of safety between crypto and traditional currencies, and understanding their movements helps you make smart investment decisions.

Share your opinion with us:

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

- How much do you expect the true valuation to be?