#StablecoinPayments

Multiple reports on social media indicate that Circle, the second-largest issuer of stablecoins, rejected a massive $5 billion acquisition offer from Ripple XRP. The major stablecoin issuer 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 suggested that Circle's planned IPO included an equity valuation ranging between $4 billion and $6 billion. Thus, it seems that Ripple XRP attempted to match this valuation.