Ripple's $4-5 Billion Acquisition Proposal for Circle Rejected
According to a report by Jinse Finance, Bloomberg reported that the enterprise-level blockchain company Ripple recently made an acquisition offer of $4-5 billion to the stablecoin issuer Circle, but it was rejected by the latter. Circle believes that the valuation does not adequately reflect its strategic position and growth potential in the cross-border payment field. The stablecoin USDC issued by Circle currently has a market value of over $61 billion, making it the second-largest stablecoin globally. The company has submitted an IPO application for April 2025 and achieved a revenue of $1.67 billion in 2024. Circle's recently launched Circle Payments Network (CPN) aims to connect global financial institutions through USDC and other regulated stablecoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SOL falls below $160
The likelihood of US-Iran negotiations taking place is diminishing
Ethereum NFT trading volume rebounds to 2022 levels

Two Defendants Plead Not Guilty in Cryptocurrency Kidnapping and Torture Case
Trending news
MoreCrypto prices
More








