Ripple offers up to $ 5 billion to acquire Circle, rejected offer

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Ripple Labs tried to acquire Circle Internet Financial, the company behind the USDC Stablecoin, with an offer between $ 4 billion and $ 5 billion, but the offer was considered undervalued, according to a Bloomberg Wednesday report, shared by Matthew Sigel, head of research on digital active ingredients in Vaneck.

🚨 Ripple Takeover Ripple Circle Offer of $ 4-5b pic.twitter.com/mp3ff6eeku

– Matthew Sigel, CFA Recoreing (@matthew_sigel) April 30, 2025

According to sources knowing the question, Ripple always looks at the acquisition of the circle, but has not determined if it will present another offer.

The attempted acquisition occurs in the midst of an increase in the activity of mergers and cryptographic acquisitions, driven by the rise in the prices of tokens and the growth of the interests of investors.

Several companies, such as Kraken, Bitgo, Gemini and Bulnish, plan to become public in 2025, entering a pro-scriptto environment and adapted to affairs under the Trump administration.

Earlier this month, Circle asked for a first public offer (IPO) with the SEC, asking for the approval that will be registered on the New York Stock Exchange under the Ticker “CRCL”.

However, a few days later, the company would have planned to delay its IPO plan due to macroeconomic uncertainties influenced by recent American trade policies. Other companies, such as Klarna and Stubhub, also think about delays in the IPO.

The agreement appeared after Ripple agreed to acquire the brokerage company Prime Hidden Road for $ 1.25 billion.

In a recent interview with CNBC, the president of Ripple, Monica Long, said that an IPO was not part of the current agenda of Ripple, stressing that the company is in the right financial situation with billions of dollars in cash reserves and does not need to collect funds or increase exposure to the market by making public at that time.

She noted that companies generally make it public to increase capital or extend the influence of the brand, but that Ripple also does not need either. The company focuses on the growth of the company and the achievement of strategic acquisitions instead of continuing an IPO, even after having settled its legal dispute with the SEC.

Ripple entered the Stablecoin race with Rlusd, but he has a long way to go to make up for the USDC of Circle. On May 1, Rlusd had a market capitalization of $ 317 million, according to the $ 62 billion in the USDC, according to Coingecko.

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