$USDC Attempt to acquire Circle by Ripple

Ripple, known for its token XRP, offered $10 billion for the acquisition of Circle — the issuer of the USDC stablecoin. Previously, Circle rejected an offer of $4–5 billion as insufficient. If the deal goes through, Ripple could significantly strengthen its position in the stablecoin and cross-border payment sectors.

⸻

📈 Circle's IPO Launch

Circle has filed for an initial public offering (IPO) on the New York Stock Exchange under the ticker CRCL. Last year, the company generated $1.68 billion in revenue, despite a decrease in net income to $157 million due to rising operating expenses. A previous attempt to go public through a SPAC deal in 2022 was canceled.

⸻

🌐 Launch of Circle Payments Network

Circle announced the launch of its own payment network — Circle Payments Network, focused on improving cross-border transfers and integrating with traditional financial institutions. This is a step towards strengthening USDC's position as the primary stablecoin for international settlements.