Ripple Proposes $5 Billion Acquisition of Circle: Market and Investors Watch Closely

Ripple has made a substantial bid for the US-based stablecoin issuer Circle, proposing a purchase price of approximately $4 billion to $5 billion. However, Circle’s leadership has expressed dissatisfaction with the offer, preferring to pursue an initial public offering (IPO) instead. 2023 has seen both companies aggressively expand, with Ripple recently acquiring Hidden Road for $1.25 billion and Circle preparing for a planned IPO in line with current market conditions. This strategic maneuvering, along with Ripple’s ongoing pursuit of its own stablecoin RLUSD, is garnering considerable attention from the financial markets.