🚨 Ripple quietly offered to buy Circle for $5 billion but was rejected

📌 #Ripple secretly made an offer to acquire Circle – the issuer of #stablecoin #USDC – for around $4-5 billion. However, Circle declined, believing the price was too low.

📌 This move comes right after #Circle filed for an IPO in the US, expecting a significantly higher valuation than Ripple's offer.

📌 Previously, in April, Ripple spent $1.2 billion #USD to acquire the financial brokerage firm Hidden Road, showing that Ripple is actively expanding and strengthening the role of XRP Ledger in the global payments sector.

📌 After years of being held back by a lawsuit with the SEC, Ripple has recently shifted to a more aggressive strategy. The SEC withdrew its appeal in March of this year, making it easier for Ripple to accelerate its business.

📌 Currently, Ripple has not decided whether to make a new offer to Circle, while Circle is still focused on its #IPO plan with a higher valuation.