#StablecoinPayments wanted to buy Circle for $5 billion — Bloomberg

Ripple proposed to buy the issuer of USDC — Circle — for $4–5 billion. However, the deal did not go through as Circle deemed the offer undervalued.

Ripple's interest in the purchase remains.

USDC ranks second in the stablecoin market after USDT from Tether. Previously, Circle filed for an IPO and stated that there is $60 billion in USDC in circulation.

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