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Home » Business » Ripple bid up to $5 billion to acquire Circle but offer was turned down
Crypto Ripple recently entered the stablecoin market, where Circle’s USDC holds a dominant position.
Key Takeaways
- Ripple Labs made an unsuccessful $4 billion to $5 billion bid to acquire Circle Internet Financial.
- Circle focuses on its IPO and rejected the offer as too low given its USDC market value of $61.7 billion.
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Ripple Labs attempted to acquire Circle Internet Financial, the company behind the USDC stablecoin, with an offer between $4 billion and $5 billion, but the bid was turned down as undervalued, according to a Wednesday report from Bloomberg, first shared by Matthew Sigel, Head of Digital Assets Research at VanEck.
Circle Rejected Ripple Takeover Bid of $4-5B https://t.co/6VPRVN5hZx pic.twitter.com/mP3Ff6EEKU
— matthew sigel, recovering CFA (@matthew_sigel) April 30, 2025
According to sources with knowledge of the matter, Ripple is still eyeing the Circle acquisition but has not determined if it will put forward another offer.
The attempted acquisition comes amid increased crypto M&A and IPO activity, driven by rising token prices and growing investor interest.
Several companies, such as Kraken, BitGo, Gemini, and Bullish, are considering going public in 2025, seizing on a pro-crypto, business-friendly environment under the Trump administration.
Earlier this month, Circ
