- Ripple’s acquisition offer for Circle, between $4-5 billion, was rejected.
- Circle plans a public offering this month.
- Potential market impacts could include stablecoin competition and consolidation.
Ripple’s acquisition offer for Circle is declined; Circle advances IPO plans.
Ripple Labs offered $4-5 billion to acquire Circle Internet Financial. The proposal was dismissed as unsatisfactory by Circle’s management. Ripple’s interest in Circle remains, although no further offer decisions have been announced. The offer aimed to consolidate market share following Ripple’s recent RLUSD launch.
Ripple’s Acquisition Efforts and Circle’s IPO Plans
Ripple’s bid to acquire Circle Internet Financial Inc. for $4-5 billion has been declined, insiders confirm.
The acquisition attempt reflects Ripple’s ongoing interest in stablecoin consolidation amid Circle’s initial public offering pursuits.
Market responses have centered around speculation given a lack of official confirmations. Circle’s spokesperson refrained from addressing rumors: “We do not comment on market rumors.”
Market Dynamics and Future Industry Trends
Did you know? In 2018, Binance’s acquisition of Trust Wallet significantly boosted the BNB ecosystem, serving as an example of how acquisitions can rapidly expand user bases.
XRP, Ripple’s primary digital asset, currently trades at $2.21 with a market cap of $128.99 billion and a 24-hour volume of $3.33 billion. Despite recent price decreases, XRP shows a 3.85% gain over seven days, per CoinMarketCap data on May 1, 2025.
Coincu analysis highlights the absence of immediate market impact following Ripple’s rejected bid. Historical trends suggest a potential consolidation trend among major crypto entities, driven by emerging policy environments and IPO activities. Ripple and Circle’s leadership choices post-acquisition proposal will likely inform market movements, with potential broader implications for U.S. regulatory developments.
Source: https://coincu.com/335180-ripple-bid-circle-ipo-crypto/