A major development has come to light in the Crypto World. According to reports, Ripple The USDC StableCoins manufacturer Circle proposed a $ 4 to 5 billion to buy Circle, which was turned down by Circle. This information has been revealed from a report by Bloomberg, which was shared by Vaneck’s Digital Asset Research Head Matthew Sigel on social media.
Ripple’s big intention
Ripple launched its own StableCoins RLUSD in December 2023, which currently has a market cap of about $ 317 million. However, Circle’s USDC is a big player in this space, which has a market value of more than $ 61 billion. The attempt to buy Circle by Ripple is being seen as a strategy to strengthen his grip in the region.
Circle rejected the offer
According to Bloomberg’s report, Circle received this Ripple offer of low value, so they rejected it. Currently Circle has not made any public comment on this proposal, as the company has recently applied for IPO (Preliminary Nation Providing) and at this time it is in ‘Quiet Period’ with SEC (Securities and Alternate Fee).
Circle’s supporter definitely said that the company is focusing on its long-term vision and is currently moving forward on the way to become its public company.
Ripple’s acquisition campaign
Ripple is currently expanding rapidly in the crypto sector. In April 2025, the company bought a digital asset Prime brokerage firm named Confidential Street for $ 1.25 billion. Ripple is trying to install himself as a leader in the digital assets and stables sector.
According to the recent data, 70% supply of Ripple’s Stablecoin RLUSD is present on EtreumWhile it was originally designed for XRP Ledger (XRPL). This data is raising new questions about Ripple’s network strategy and token distribution.
This strategy of Ripple may have been adopted for the purpose of ensuring more rapid adoption and increasing interoperability. However, the move also indicates that Ripple is trying to make deep inroads in the world of Defi by going out of its original network XRPL.
It will be interesting to see how RLUSD’s network distribution changes in the coming times and Ripple takes it forward in Defi Range.
Market boom and new deals
All these incidents are happening at a time when the crypto market is seeing again and many companies are preparing for IPO. Companies like Bitgo, Gemini and Bully are also working towards entering the public market.
Conclusion
This attempt to buy Circle from RIPPLE is an indication that the company wants to gain its authority in StableCoin Marketplace. Although Circle has rejected this proposal, it definitely gives a glimpse of the future strategy of both companies. While Circle is focusing on becoming a public company, Ripple is busy expanding its network through big deals.
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