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Ripple Offers to Acquire USDC Issuer Circle for $4-$5B: Bloomberg

Twitter icon  •  Published 3 days ago on May 1, 2025  •  Hassan Maishera

Blockchain firm Ripple has offered to acquire USDC issuer Circle for $4-$5 billion, but the offer was rejected as too low.

Ripple Offers to Acquire USDC Issuer Circle for $4-$5B: Bloomberg

TL;DR

  • XRP issuer Ripple has offered to acquire Circle in a deal worth around $4-$5 billion.

  • Circle has rejected the offer as too low.

Ripple Offers to Buy Circle, Offer Rejected

Blockchain firm Ripple has offered to acquire Circle, the issuer of the USDC stablecoin. This is according to a report by Bloomberg. However, the offer was rejected as too low, and it is yet to be certain if Ripple will return with a new offer.

Ripple is the issuer of the XRP token and its newly-launched RLUSD stablecoin. The company offered to acquire Circle for $4-$5 billion, but the offer was rejected. USDC, offered by Circle, is currently the second-largest stablecoin, with a market cap above $61 billion. Meanwhile, Ripple’s $RLUSD stablecoin has a market cap of just above $300 million. 

This latest development comes four weeks after Circle filed for an IPO as it looks to list on the New York Stock Exchange. Earlier this week, the company also received in-principle regulatory approval from Abu Dhabi Global Market's Financial Services Regulatory Authority, allowing it to expand its services in the Middle East.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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