Circle, the issuer of USDC, rejected an acquisition offer from Ripple, which was between $4 billion and $5 billion, considering the offer very low, according to a report by Bloomberg. The report noted that negotiations have completely stopped, and Ripple does not intend to improve the offer. Meanwhile, Ripple completed a $1.2 billion acquisition of the intermediary company 'Hidden Road,' whose network (XRPLedger) is expected to be used for post-settlement transactions, which could enhance the role of XRP 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 ended, allowing the company to act more freely. Following this, Ripple saw a strong start as it entered the stablecoin market through RLUSD, with the coin's market value rising from $200 million to $300 million in early April. However, recent momentum has slowed, and the market value has not exceeded $320 million to date. Nevertheless, trading volume in the last day has increased by 30%, surpassing $50 million.