🪙 Ripple Offered To Buy Circle For $5 Billion

According to a Bloomberg report, Ripple made an offer ranging from $4 billion to $5 billion to acquire Circle, the issuer of the USDC stablecoin. However, Circle rejected the offer, considering it too low, especially in light of its recent filing for an initial public offering (IPO).

Subsequent reports suggest that Ripple increased its offer to $10 billion. Some sources even mention a potential $20 billion bid, though this figure remains unconfirmed and is viewed by some experts as unrealistic.

As of now, there is no official confirmation from either Ripple or Circle regarding the acceptance of any acquisition offer.