Ripple’s $5B Bid for Circle Rejected Ahead of IPO Plans

Circle rejected the offer, deeming it too low, though Ripple is said to still be interested in a potential deal.

Circle Focused on Public Market Debut

The development comes shortly after Circle filed a prospectus for an initial public offering. The company was previously valued at $9 billion during an abandoned SPAC merger attempt in 2022.

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XRP Breaks Long-Term Downtrend: Key Level to Further Gains Revealed

USDC, pegged to the U.S. dollar, is currently the second-largest stablecoin by market supply—trailing only Tether’s USDT. A successful acquisition would have significantly strengthened Ripple’s position in the stablecoin and payments space.

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