Ripple Proposes Acquisition of Circle for $4-5 Billion: Latest on XRP and USDC

Ripple has reportedly made a substantial bid to acquire Circle, valuing the company at around $4 billion to $5 billion. This move comes amidst the growing tensions between Ripple and the U.S. Securities and Exchange Commission (SEC). Circle is best known for its stablecoin, USD Coin (USDC), which is a leading example of algorithmic stablecoins in circulation today. Despite this offer, Circle has rejected it, citing reasons for believing it to be too low.