#StablecoinPayments Blockchain payment company, Ripple Labs, has reportedly offered to acquire rival stablecoin provider Circle Internet Group with an estimated value of $4 billion to $5 billion. However, this initial offer was rejected by Circle as it was considered too low.

According to a Bloomberg report, Ripple remains interested in Circle but has not decided whether to make a revised offer. A spokesperson for Circle responded to inquiries about the potential acquisition by stating, “We do not comment on market rumors.”

They added that due to the ongoing “quiet period”