$USDC Bomb: a crypto giant evaluates acquiring the company that issues one of the most used digital dollars

Ripple, the company behind the cryptocurrency XRP, reportedly attempted to acquire Circle, the issuer of the stablecoin USDC, for a multimillion-dollar sum

However, the offer was said to have been rejected, according to sources close to the negotiations. The information was revealed by Bloomberg, which cited people familiar with the matter.

Ripple reportedly attempted to acquire Circle for a multimillion-dollar figure

The acquisition of Circle, which would have ranged between $4 billion and $5 billion, would have represented a key strategic move for Ripple, allowing it to expand its presence in the stablecoin market, an increasingly relevant segment within the crypto ecosystem.

Circle, for its part, remains focused on its independent growth and its planned IPO, expected in the coming months.

The company was valued at $9 billion in 2022 when it attempted to go public through a merger with a SPAC, although the operation did not materialize.

Ripple took an active stance in the decentralized finance sector, launching in 2024 its own stablecoin RLUSD, linked to the US dollar. The company also expressed interest in acquiring blockchain infrastructure firms as part of its expansion strategy.

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A crypto giant had attempted to buy the owner of USDC for a multimillion-dollar sum

Although it already has its own stablecoin linked to the greenback, it aims to acquire the second most important player in the market.

By iProUP

Bomb: a crypto giant evaluates acquiring the company that issues one of the most used digital dollars

DIGITAL ECONOMY

05.01.2025 • 17:15hrs • Digital Economy

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Ripple, the company behind the cryptocurrency XRP, reportedly attempted to acquire Circle, the issuing firm