Blockchain company for San Francisco -based institutions It is said Keep the circle with the mammoth acquisition offer. I proposed the purchase of a USDC source for 4 and 5 billion dollars, according to a Bloomberg report on Wednesday.
However, Circle, the main Ripple competitor in the Stablecoin sector, rejected the offer because it is believed to reduce the value of the company.
This comes after the circle is presented to launch an initial general show (IPO) in the United States in early April.
The Bloomberg report says Ripple is still interested in obtaining its main competitor, but it is still in the field of presenting another offer. Meanwhile, Circle still focuses on public subscription, and refused to comment on “market rumors”.
As U.today said, Ripple Monica Long President recently stated that the company was not interested in the public, adding that it was at the “acquisition” site.
Earlier this month, Ripple announced its decision to purchase the Hidden Road Prime Hidden Road for $ 1.25 billion, which represents one of the largest encryption deals in history.
The circle is not alien to the huge acquisitions. The company has bought a famous Poloniex Stock Exchange for $ 400 million in 2018. However, it ended with a loss of $ 156 billion with this deal. As said U.today, Poloniex ended with the departure of the circle in late 2019 amid restructuring.
Stablecoin of Circle’s USDC currently includes the maximum market of $ 62 billion, making it the second largest Stablecoin (behind Tether’s Usdt) and the seventh largest encrypted currency in general.
Last year, Ripple also jumped to the booming Stablecoin sector with the launch of Ripple (RLUSD) Stablecoin, which exceeded the maximum market of $ 300 million.
