$USDC

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 had recently filed for an initial public offering but later suspended its plans following the chaos of Trump's tariffs.

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