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Ripple Made $4-5 Billion Offer to Acquire USDC Stablecoin Issuer Circle: Bloomberg

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Ripple Made $4-5 Billion Offer to Acquire USDC Stablecoin Issuer Circle: Bloomberg

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Crypto payments firm Ripple made a multi-billion-dollar offer to acquire USDC stablecoin issuer Circle, Bloomberg reported Wednesday, citing people familiar with the matter.

The offer was said to be in the range of $4 billion to $5 billion, but was rejected as being too low. At the start of April, Circle filed paperwork with the SEC to go public.

Editor’s note: This story is breaking and will be updated with additional details.

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