Ripple’s $5B bid for Circle rejected
Ripple’s $5 billion bid for Circle gets rejected
In another signal that stablecoins are becoming the buzzworthy product in crypto, Ripple reportedly made an offer ranging from $4 billion to $5 billion to acquire Circle, the company behind USDC; however, the offer was allegedly quickly rejected—which doesn’t come as a surprise.
Circle is preparing to go public, and USDC alone has a market cap of $61.7 billion. A sub-$5 billion offer for a company controlling the second most dominant…
