According to Bloomberg, enterprise blockchain company Ripple recently made a $40- $5 billion acquisition offer to stablecoin issuer Circle, but the latter rejected it. Circle believes the valuation is insufficient to reflect its strategic position and growth potential in the cross-border transfer space.
Circle's stablecoin, USDC, currently has a market cap of over $61 billion and is the second largest stablecoin in the world. The company filed for an IPO in April 2025 and will achieve $1.67 billion in revenue in 2024. Circle's recently launched Circle Payments Network (CPN) aims to connect the global Financial Institution Group through USDC and other regulated stablecoins.
Ripple's $40-5 billion acquisition of Circle rejected
2025-05-05 00:29:56
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Ripple 40-50亿美元收购 Circle 提议遭拒Next article：
马尔代夫计划斥资90亿美元建加密货币中心以吸引投资
