Ripple offered to pay between $4 billion and $5 billion to acquire USDC issuer Circle, according to a report from Bloomberg, which cited anonymous sources.
Circle rejected the offer as too low, according to the report, which also said that Ripple “remains interested” in acquiring Circle.
Earlier this month, Circle filed a prospectus for an initial public offering. The company was “valued at $9 billion when it tried to go public in a blank-check deal in 2022,” Bloomberg previously reported.
Circle’s USDC, which is pegged to the U.S. dollar, is the world’s second-largest stablecoin by supply, behind market leader Tether’s USDT. This year, Ripple launched its own USD-pegged stablecoin, RLUSD.
Ripple and Circle didn’t immediately respond to requests for comment.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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