Ripple made an unsuccessful attempt to acquire Circle, the issuer of USDC, reportedly offering between $4 and $5 billion. Sources familiar with the situation told Bloomberg that this deal was rejected due to its perceived low valuation. While Ripple hasn’t yet confirmed if a higher offer will be submitted, they are still exploring options. This bid comes shortly after Circle filed for an IPO in the U.S., which seeks to bolster its market position against competitors such as USDT and DAI. Neither company has issued official statements regarding this acquisition attempt. The potential deal aligns with Ripple’s strategy of expanding into stablecoin and payment infrastructure markets, but a successful acquisition of Circle would have brought significant benefits, like immediate access to users and regulatory advantages. The rejection raises questions about the impact on both companies’ market trajectories.