#StablecoinPayments GEMPAR! Ripple Offers to Acquire Circle & USDC Worth $5 Billion — But Was Flatly Rejected?!

A major crypto war almost occurred! Ripple, the company behind XRP, is reported to have attempted to acquire Circle—the issuer of the giant stablecoin USDC—for a fantastic value of $5 billion (around IDR 80 trillion). But... the offer was REJECTED!

Brad Garlinghouse, CEO of Ripple, is said to be very interested in strengthening Ripple's dominance in the stablecoin sector. USDC itself is a strong competitor to Tether (USDT), with billions of dollars circulating in the crypto market.

However, according to leaked reports within the industry, Circle chose to remain independent and rejected the acquisition offer from Ripple. Speculation arose:

Is Circle afraid of losing control over USDC?

Or are they preparing for a massive IPO and don’t want to be 'acquired' right now?

Why is this important?

If this acquisition were to happen, Ripple could immediately become a major player in the stablecoin sector and shake up USDT's dominance. This move could also strengthen XRP's position amidst tight global regulations.

Crypto Twitter & the community went wild:

“Ripple + USDC? That would be wild!”

“$5B rejected? Circle must have big plans.”