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$USDC "Circle" company, 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 reports from Bloomberg. The report indicated that negotiations have completely stopped, and Ripple does not intend to improve the offer. Meanwhile, Ripple completed the $1.2 billion acquisition of the intermediary company "Hidden Road," whose network (XRPLedger) is expected to be used for post-trade settlement, potentially enhancing 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 has ended, allowing the company to operate more freely. Following this, with the entry into the stablecoin market through RLUSD, Ripple has seen a strong start, with the market capitalization of the coin rising from $200 million to $300 million in early April. However, recent momentum has slowed, and the market capitalization has yet to exceed $320 million. Nevertheless, the trading volume on a recent day increased by 30%, surpassing $50 million.
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