$USDC Reasons for Circle's rejection of Ripple's $5 billion acquisition offer

Ripple, despite having its own stablecoin, intended to make a significant move in the stablecoin market by acquiring the second-largest issuer, Circle. However, the offer, which reportedly ranged from $4 to $5 billion, was rejected as Circle deemed it too low. Ripple, according to sources, does not plan to increase the offer.