#StablecoinPayments

Ripple proposed to buy the issuer of USDC — Circle — for $4–5 billion. However, the deal did not go through as Circle considered the offer undervalued.

Ripple's interest in purchasing still remains.

USDC ranks second in the stablecoin market after USDT from Tether. Previously, Circle filed for an IPO and stated that there are $60 billion in circulation in USDC.