CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
ZyCrypto 2025-05-01 16:37:37

Ripple Moves to Buy USDC Issuer Circle for Around $5 Billion — But…

Ripple has reportedly offered between $4 billion and $5 billion for the company Circle. Circle turned down the offer because the price was too low. Circle is the company behind the stablecoin USDC. Ripple, moreover, is still interested in acquiring the stablecoin company, yet hasn’t released any details. Most of the information about the negotiations is being kept private. A stablecoin is a token with a one-to-one relation to a real-world asset, such as the US Dollar or the Gold price. Both Ripple and Circle have issued stablecoins. Circle is the second-largest issuer of a stablecoin, trailing only Tether, with a market capitalization of around $61 billion. Ripple, however, has a much lower market cap of around $316 million, primarily due to its stablecoin, RLUSD. However, Ripple’s stablecoin only debuted in 2024, making its market cap a substantial achievement in only a matter of months. If Ripple acquired Circle, it would rise automatically in the rankings of stablecoins. Circle, meanwhile, has been planning an IPO to increase the value of its company, thus making it unlikely that Circle would accept Ripple’s offer at this early date. However, the IPO valuation estimates Circle’s value at around $4 billion to $6 billion. The Circle spokesperson said the company still wants to proceed with the IPO. The price of RLUSD, meanwhile, has remained steady with no market reactions to the news. Circle is not commenting on the possible acquisition talks. RLUSD was released on Ethereum and Ripple blockchains. The rise in market cap for the stablecoin is impressive, starting at $72 million at the start of the year and now at around $316 million. In comparison, USDC is operating on around 19 different blockchains. Circle is planning an IPO soon, which would give investors more opportunities to invest in the crypto company. Kraken, the crypto exchange, is also planning an IPO. The regulatory environment in the United States has changed dramatically in recent months, allowing many crypto companies to expand without fear of government regulatory reprisals. Crypto legislation in the United States has opened the way for emerging crypto companies, like Circle, to expand their businesses. Ripple is one of these businesses that wishes to take advantage of the changing regulatory climate and develop as much as possible before a new government changes the rules again. In October, Stripe acquired Bridge for $1.1 billion, the largest acquisition in crypto history to date.

https://www.digistore24.com/redir/325658/ceobig/
Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen