#FOMCMeeting brokerage Hidden Road for a whopping $1.25 billion, which represents one of the biggest corporate purchases to date.

Shortly after the announcement, Bloomberg reported that Ripple also approached USDC issuer Circle with a massive $5 billion offer. Circle, which is currently preparing to hold an initial public offering (IPO), reportedly rejected the offer. There were also some unsubstantiated rumors about Ripple being willing to shell out up to $20 billion