Ripple’s $4–$5 Billion Acquisition Bid for Circle Reportedly Rejected

Blockchain payments firm Ripple reportedly made a $4–$5 billion acquisition offer for Circle, the issuer of the USDC stablecoin — but the bid was rejected, according to a Bloomberg report citing sources familiar with the matter. The proposed deal, which would have marked one of the largest mergers in the digital asset sector, was reportedly turned down for being too low. Bloomberg noted that Ripple has not yet decided whether to submit a higher follow-up offer. Bid Came Shortly After Circle Filed for IPOThe failed acquisition attempt comes just weeks after Circle filed for an initial public offering (IPO) in the United States — a move widely seen as an effort to strengthen its market position amid rising competition from other stablecoins like USDT, DAI, and FDUSD source: https://www.binance.com/en/square/post/23628089008577?utm_source=BinanceNewsRSS