• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple's $5 billion Acquisition Bid for Circle Declined, Highlighting Stablecoin Market Dynamics

user avatar

by Giorgi Kostiuk

3 hours ago

Ripple's $5 billion bid for Circle was declined, underscoring the company's strategic movements within blockchain payments.

Ripple's $5 Billion Bid for Circle

Ripple attempted to acquire Circle Internet Group for $5 billion, known for its USDC stablecoin. This bid aligned with previously reported valuations connected to Circle's IPO plans.

Market Reaction to Ripple's Ambitious Bid

The stablecoin sector, including USDC and Ripple's RLUSD, became a topic of discussion regarding market dynamics. Although the bid signified a strategic shift, market prices were mostly unaffected.

Ripple's History of Strategic Acquisitions

Large acquisitions in crypto, such as Ripple's Hidden Road purchase, showcase the firm's growth strategy amid rare stablecoin buyout attempts. This move reflects a trend where crypto firms leverage acquisitions for competitiveness.

The rejection of Ripple's bid for Circle highlights important aspects of stablecoin market dynamics and the company's ongoing expansion strategy.

0

Share

Other news

Ethereum Upgrades: Key Steps Towards Scalability and Security

Ethereum upgrades address key issues of scalability and security, defining the network's future.

user avatarGiorgi Kostiuk

7 minutes ago

Visa Achieves 50% Tokenization in eCommerce Transactions

Visa reports that 50% of its eCommerce transactions are now tokenized, resulting in a 30% reduction in fraud.

user avatarGiorgi Kostiuk

8 minutes ago

CIA Examines Bitcoin as a Tactic Against International Threats

In a recent interview, CIA representative Jayellis discussed the use of Bitcoin for intelligence gathering and monitoring criminal networks.

user avatarGiorgi Kostiuk

9 minutes ago

Bitcoin Hits $95,000, Altcoins Show Little Movement

Bitcoin recovers to $95,000 as most altcoins remain stagnant. HYPE and PI demonstrate notable gains.

user avatarGiorgi Kostiuk

11 minutes ago

Microsoft's New AI Phi 4 Models: Efficiency and Capabilities

Microsoft has launched Phi 4 models focusing on solving complex tasks, offering new opportunities in AI development.

user avatarGiorgi Kostiuk

12 minutes ago

Visa Shows Payment Volume Growth and Rising Demand for Tokenization

Visa's payment volume in the U.S. increased by 6%, and internationally by 9%. Nearly half of transactions are tokenized.

user avatarGiorgi Kostiuk

14 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.