🚨 Shocking Gamble! Circle Rejects Ripple's $5 Billion Offer, Aiming for $10 Billion IPO! 😱🚀

Stablecoin Giant Hits New Heights, Supported by Regulatory Favor!

Circle's IPO Ambition

Circle rejected Ripple's $5 billion acquisition offer, targeting a $10 billion IPO. On April 1, Circle submitted S-1 documents, planning to list on the NYSE under the ticker 'CRCL', with underwriting by JPMorgan and Citigroup, expected to launch in the summer. Current valuation is $4-5 billion, with John E. Deaton predicting that regulatory optimization and institutional enthusiasm could push it up to $9-10 billion.

Strategy and Regulation

Crypto Eri analyzes that Ripple's acquisition aimed to control USDC (the second-largest stablecoin), weaken competition, and expand the payment network. After Circle's listing, the network is expected to surge. The 'Stable Genius Act' provides a clear framework for stablecoins, with small and medium issuers under state regulation and large issuers under federal regulation. Circle is riding this wave of confidence, rejecting Ripple's offer and forging ahead on the IPO path.