**Title: "Ripple Seeks to Acquire USDC: Are We Witnessing the Birth of a New Giant in the Stablecoin Market?"**
In a bold move reflecting its ambitions to expand within the cryptocurrency market, Ripple, known for developing the XRP currency, has made an offer to acquire Circle, the issuer of the stablecoin USDC.
Details of the Offer
According to multiple reports, Ripple started with an offer ranging from $4 to $5 billion, but Circle rejected the offer, considering it below its market value, especially in light of its plans for an initial public offering (IPO) on the New York Stock Exchange.
Ripple's Ambitions
Through this acquisition, Ripple aims to strengthen its position in the stablecoin market, especially after launching its stablecoin RLUSD in December 2024, which reached a market value of approximately $317 million. In contrast, USDC is considered the second-largest stablecoin with a market value close to $62 billion.
Circle's Response
Circle's rejection of the offer is attributed to its assessment of its market value, especially with its impending IPO. The company also views independence as an opportunity to strengthen its position in the market without the need to merge with other entities.
What's Next?
While Ripple has not announced its intention to make a new offer, observers point out that the company may reconsider its strategy, especially with ongoing changes in the cryptocurrency market and regulatory trends.
