The company Ripple was planning to buy Circle for $4-5 billion.
Circle rejected Ripple's offer due to the price being too low.
Ripple is still interested in Circle, but has not yet made a decision about a new offer.
Circle is the issuer of the USDC stablecoin.
Source:
https://news.bloombergtax.com/financial-accounting/ripple-is-said-to-have-offered-to-buy-stablecoin-rival-circle
