#Ripple allegedly raises Circle acquisition bid to $20 billion, #XRP army denies this rumor Earlier this week, it was reported that Ripple offered to buy Circle, the issuer of the second-largest USD-pegged stablecoin, USDC, for $4 to $5 billion. However, the company rejected this offer, assuming that it undervalues the company. Those news reports were followed by rumors that in an attempt to reach its goal and acquire a major rival in the stablecoin market, Ripple increased its generous offer to $20 billion, still intending to buy Circle. However, the XRP army has found this rumor false and has been poking fun at the media that are spreading it, including CoinTelegraph.
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