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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.
What to know:
- According to Bloomberg, Ripple proposed a buyout of stablecoin issuer Circle.
- The offer was rejected, per the story.
- Circle is among a group of crypto companies looking to go public in the near future.
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.
STORY CONTINUES BELOW
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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.
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USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
What to know:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
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