Ripple reportedly made a $4-5 billion takeover bid for Circle Internet Group, a rival stablecoin provider, but the offer was rejected as being too low. Despite the initial rejection, Ripple remains interested in potentially acquiring Circle, although a second offer is not yet guaranteed.
Circle, meanwhile, is focused on its recently filed initial public offering (IPO). This suggests that Circle management believes the company’s value exceeds Ripple’s offer and sees more long-term value in becoming a publicly traded company. The information comes from unnamed sources familiar with the matter, highlighting the sensitivity surrounding these potential corporate maneuvers. The potential acquisition signals Ripple’s ambition to expand its influence in the stablecoin market.
