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Ripple made an offer of up to 5 billion dollars to acquire USDC from Circle, but the offer was rejected as too low, Bloomberg reported.
Sources have told the news wire that the proposed agreement was estimated between $ 4 and $ 5 billion. Ripple has not submitted a follow-up offer, he said.
Ripple is trying to penetrate the market capitalization market of $ 239 billion and launched its Stablecoin Rlusd in December. But there remains a small player, with the RUSD market capitalization at only $ 317 million, compared to $ 61.5 billion from the USDC, according to CoinmarketCap.
Ripple Bid comes only 30 days after filing a IPO
The offer occurred a month after the circle, the transmitter of the second largest stablecoin by market capitalization, filed a first public offer (IPO).
He reflects Ripple’s aggressive extension strategy as it goes beyond its legal battle with the Securities and Exchange Commission (SEC) of the United States. The company recently acquired Prime Broker Hidden Road for $ 1.25 billion to increase the adoption and use of the XRP.
Today, @Ripple announced the acquisition of Hidden Road for $ 1.25 billion, one of the largest offers in cryptographic space. But the price is not what is most important – it is that this transaction marks a unique opportunity for the crypto to access the greatest and most reliable …
– Brad Garlinghouse (@bgarlinghouse) April 8, 2025
Analysts see 85% chance XRP ETF will be approved in 2025
Ripple’s XRP token has also benefited from recent developments in the case of the SEC. Bloomberg analyst Eric Balchunas has placed the chances that an ETF XRP Spot (Stock Exchange Product) will obtain the approval of the SEC in 2025 to 85%.
I would love to hear ATKINS directly, but all the good chance of performing. Here are our latest chances of approval for all ETF SPOT DIF via @Jseyff pic.twitter.com/4acjvwhics
– Eric Balchunas (@ericbalchunas) April 30, 2025
Which comes after the XRP FNB were approved by the agency in recent weeks.
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