The USDC stablecoin issuer Circle has reportedly turned down an acquisition bid of between $4 billion and $5 billion made by Ripple.
Circle Rejected Ripple Takeover Bid of $4-5B https://t.co/6VPRVN5hZx pic.twitter.com/mP3Ff6EEKU
— matthew sigel, recovering CFA (@matthew_sigel) April 30, 2025
In line with Bloomberg, individuals accustomed to the matter disclosed that the bid was declined, with sources saying it was thought of too low.
Ripple Eyes Stablecoin Growth
Circle is as a substitute transferring forward with its plan to go public. It confidentially filed for an IPO earlier this month and is at the moment in a quiet interval. A Circle spokesperson declined to touch upon the reported supply and reiterated the agency’s long-term focus.
“We don’t touch upon market rumors,” the spokesperson mentioned in an e mail. “As we’re at the moment in a quiet interval with the SEC, we can not remark additional on our company monetary plans.”
Ripple launched its personal stablecoin, RLUSD, in December. Whereas its circulation stays small, with a market cap of $316.9 million in comparison with USDC’s $61.7 billion, the transfer locations the corporate in direct competitors with Circle.
Ripple has not confirmed whether or not it plans to submit a revised bid. A spokesperson for the agency declined to remark.
Circle Secures Regulatory Inexperienced Mild within the UAE
Circle has simply acquired in-principle approval from Abu Dhabi’s Monetary Providers Regulatory Authority to function as a cash providers enterprise within the Abu Dhabi World Market. The authorization advances the corporate’s licensing course of within the UAE and follows its incorporation within the area late final 12 months.
The corporate additionally introduced a partnership with Hub71, a government-backed tech ecosystem in Abu Dhabi.
By way of this collaboration, Circle will achieve entry to regulatory sandbox assets to check its blockchain-based merchandise, together with its stablecoins USDC and EURC, underneath native supervision.
The stablecoin area is drawing elevated curiosity from established crypto companies and monetary establishments alike.
Acquisitions just like the one Ripple reportedly pursued signify a broader development of consolidation, as companies search to strengthen their foothold forward of clearer regulatory frameworks.
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