Ripple made a bid between $4 billion and $5 billion to acquire Circle, the issuer of the USDC stablecoin, but the offer was reportedly rejected for being too low. According to a Bloomberg report on April 30, 2025, the bid came shortly after Circle went public in the United States. There has been no indication from Ripple regarding whether they plan to revise their offer for the stablecoin issuer. Both Ripple and Circle have not responded to inquiries for comments about the acquisition attempt at the time of publication. This situation is developing, and further details are expected to emerge.

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