Ripple Offered $4B-$5B for Stablecoin Issuer Circle: Bloomberg
The offer was rejected as too low, according to the story.
Updated Apr 30, 2025, 7:36 p.m. Published Apr 30, 2025, 6:38 p.m.
The issuer of not just the XRP token, but stablecoin RLUSD, Ripple has made and was rejected in a buyout attempt of Circle, the issuer of the USDC stablecoin, according to Bloomberg.
Sources told Bloomberg that Ripple remains interested in Circle, but hasn’t decided on whether to make another offer.
Ripple’s recently launched RLUSD stablecoin has a market capitalization just above $300 million, while Circle’s USDC’s market cap tops $60 billion..
Circle is among a growing number of crypto-related companies aiming to go public in the near future.
Stephen Alpher
Stephen is CoinDesk’s managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania’s Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
Leave feedback about this