$USDC 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 attempted to acquire Circle for a multimillion-dollar figure.

The acquisition of Circle, which was said to range 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