$USDC Circle” company, issuer of USDC, rejected a takeover offer from Ripple, which was between 4 billion and 5 billion dollars, considering it too low, according to Bloomberg reports.

The report notes that negotiations have completely stopped and Ripple has no intention of improving the offer.

Meanwhile, Ripple completed the acquisition of the intermediary company “Hidden Road” for 1.2 billion dollars, whose network (XRPLedger) is expected to be used for settling future transactions, which could increase XRP's role in financial infrastructure.

Although the U.S. Securities and Exchange Commission has not yet issued a final statement, CEO “Brad Garlinghouse” announced in March that the legal dispute with the agency had concluded, allowing the company to operate with greater freedom.

After this, with the entry into the stablecoin market through RLUSD, Ripple had a strong start, and by early April, the market capitalization of the coin increased from 200 million dollars to 300 million dollars.

However, recently the momentum has slowed down, and the market capitalization has not surpassed 320 million dollars to date.

Despite this, the transaction volume over the last day grew by 30%, exceeding 50 million dollars.