Categories: MarketsMenafn

Ripple’s $5B Bid to Acquire Circle Rejected: Stablecoin Rivalry Heats Up

Ripple reportedly made a $4–$5 billion takeover offer for Circle Internet Financial, the issuer of the USDC stablecoin. The proposal was rejected as “too low,” according to Bloomberg sources familiar with the matter.

The development marks a major power play by Ripple, which is aggressively expanding into the stablecoin space via its newly launched RLUSD. While Ripple remains interested, it hasn’t decided whether to pursue a second offer.

Source.

Circle, which confidentially filed for an IPO in early April, appears to be betting on a significantly higher valuation through public markets. With USDC commanding a $62 billion market cap, second only to Tether’s USDT, Circle is positioning itself as a core piece of crypto’s financial plumbing.

By contrast, Ripple’s RLUSD has just crossed the $317 million mark, highlighting the valuation gap. With IPO prospects looming, Circle is staying silent, citing SEC quiet-period guidelines.

Ripple’s Strategic Push

The rejected offer follows Ripple’s recent $1.25 billion acquisition of prime brokerage firm Hidden Road. The firm’s President, Monica Long, had recently noted that the company wasn’t pursuing an IPO but was actively looking for acquisitions.

This signals a broader ambition to lock in influence across digital payments, trading infrastructure, and now stablecoins. By attempting to buy Circle outright, Ripple clearly aimed to leapfrog into stablecoin dominance in a single move.

This attempted takeover highlights the intensifying competition in the stablecoin arena, as crypto-native giants vie for scale and regulatory legitimacy. With Circle focused on IPO aspirations and Ripple sharpening its M&A appetite, the market is watching closely. A revised bid can’t be ruled out, especially as stablecoins cement their role in cross-border settlements, tokenized finance, and the next wave of institutional crypto adoption.

Read more: Alpaca Finance Token ALPACA Soars Over 1,000% in a Week After Short Squeeze

XRP is currently trading below $ 2.20, a 2% decrease in the day, according to data from Coingecko. The lack of action appears to stem from uncertainty regarding a potential spot ETF approval.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Hilton and Deepika Padukone Launch ‘It Matters Where You Stay’ Campaign Celebrating India’s New Generation of Ambition and Hospitality

New campaign celebrates a story rooted in ambition, hustle and the kind of hospitality that…

2 days ago

LF Labs Is Turning Crypto Into Real-World Payments

Dubai, UAE, 20th June 2025, ZEX PR WIRE, LF Labs is building a unified Web3…

3 days ago

Win More with Crypto 2025 – New Bety Casino Brings Premium Games, Exclusive Bonuses, and Instant Wins!

Paranaque City, Philippines, 20th June 2025, ZEX PR WIRE, Love crypto for betting? If yes,…

3 days ago

R2 Testnet Season 0 Recap and Looking Ahead

Dubai, UAE, 17th June 2025, ZEX PR WIRE, Since the launch of R2 Protocol’s first…

6 days ago

Understand Tech Unveils Major Platform Update to Empower Secure, Scalable AI Deployment for Enterprises

Paris, France, 12th June 2025, ZEX PR WIRE, Understand Tech, a leading enterprise AI platform,…

1 week ago

EcoWatt Launches EWX Token Pre-Sale and Share Sale to Power Global Climate Action

Dubai, UAE, 6th June 2025, ZEX PR WIRE, EcoWatt, a pioneering force in climate-positive Web3 innovation,…

2 weeks ago