$XRP

Multiple reports on social media indicate that Circle, the second largest issuer of stablecoins, has rejected a massive $5 billion acquisition offer from Ripple XRP. The major stablecoin issuer had recently filed for an initial public offering but later suspended its plans following the chaos of Trump’s tariffs.

Previous reports from Matthew Sigel of VanEck indicated that Circle's planned IPO included a valuation of shares ranging between $4 billion and $6 billion. Therefore, it seems Ripple XRP attempted to match this valuation.

Ripple's currency is recorded at $2.1888, down 4.38% amid a broad decline affecting the majority of major cryptocurrencies following negative U.S. data that raises the likelihood of the U.S. economy falling into recession.#XRPETFs