Ripple is ready to buy the creator of stablecoins, the company Circle
The issuer of the cryptocurrency XRP, the company Ripple, would like to buy the American company Circle, which issues the stablecoin USD Coin (USDC).
Anonymous sources reported that Ripple representatives offered Circle's management to sell the company for $4-5 billion, but received a refusal. The amount was allegedly considered too small, and so far Ripple has not made another offer, which is why Circle plans to conduct an initial public offering, according to a plan announced in April.
Circle's press service did not confirm but also did not deny the information about the upcoming deal, citing a lack of desire to comment on rumors. Meanwhile, as part of the IPO, the organization planned to reach a capitalization level of $4-5 billion, which indirectly confirms the information about the reality of negotiations with Ripple.