Ripple’s $5 Billion Offer Rejected by Circle in Stablecoin Acquisition Bid

Ripple has made an offer to acquire Circle, the company behind USDC, one of the most widely used stablecoins. The proposed acquisition, estimated at $4-$5 billion, was rejected by Circle, who believe the valuation is too low. This news emerged after Matthew Sigel, Head of Digital Assets Research at VanEck, shared a post highlighting the attempted buyout. Ripple remains interested but hasn’t decided on a new offer. 💰