Ripple is reportedly proposing a $5 billion acquisition of Circle, the large stablecoin issuer, but Circle has declined.
Other reports suggest that Circle is not entirely opposed to acquisition proposals, but the $5 billion offer is too low.
Is Ripple trying to acquire its competitor?
According to multiple reports on including nofollow">recently filed an IPO but , IPthe IPcouldO that Circle to proposals in the future, and Ripple has made effort. Anyway, analysts have expressed concerns about Circle's finances. On Of Rip, ripexecutives recently affirmed that public plans.
Ripple has entered the stablecoin market with RLUSD, an asset directly competing with Circle's USDC. The capitalization of Ripple's RLUSD stablecoin has continuously increased over the past ,318 .>This would be a strong business opportunity if the company could take over Circle Circle's stablecoin expertise and market share. Currently, it is unclear whether any any negotiations will take place or if companies offers.
