Key Points:

• Ripple attempted to acquire Circle, the issuer of the USDC stablecoin, with a bid between $4 billion and $5 billion.
• The offer was reportedly seen as too low and was turned down by Circle.
• Circle is part of a growing list of crypto companies planning for a public listing soon.

Context:

Ripple is known for its XRP token and has recently launched its RLUSD stablecoin, which has a market cap exceeding $300 million. In contrast, Circle’s USDC boasts a market capitalization over $60 billion.

Sources informed Bloomberg that Ripple is still interested in Circle but has not finalized plans for a new offer.