#BinanceAlphaAlert acquire 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 reportedly rejected, according to sources close to the negotiations. The information was revealed by Bloomberg, which cited people familiar with the matter.

Ripple reportedly tried to acquire Circle for a multimillion-dollar amount.

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, a segment that is increasingly relevant within the crypto ecosystem.

Circle, for its part, remains focused on its independent growth and its planned IPO 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 deal did not materialize.

Ripple has shown an active stance in the decentralized finance sector, launching its own stablecoin RLUSD in 2024, 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.

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

By iProUP

Bombshell: A crypto giant evaluates acquiring the company that issues one of the most used digital dollars

DIGITAL ECONOMY

05.01.2025 • 17:15 hs • Digital Economy

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Ripple, the company behind the cryptocurrency XRP, reportedly attempted to acquire Circle, the issuer of