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Bloomberg reports that 
Ripple made a $4B-$5B bid to acquire Circle, the issuer of USDC, but that the bid was rejected as insufficient. Ripple remains interested but undecided on a follow-up offer.
What’s the Scoop?
- Ripple's Offer: Ripple reportedly offered $4B-$5B to acquire Circle, the issuer of USDC.
- Offer Rejected: The proposed buyout was deemed too low and rejected by Circle.
- Ripple's Interests: Ripple remains interested in
Circle but has not made further decisions on an updated offer. - Market Comparison: Ripple’s RLUSD stablecoin's market cap stands at $300 million, much smaller than USDC’s $60 billion.
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