Ripple's Multi-Billion Dollar Bid for Circle Rejected
Ripple's Multi-Billion Dollar Bid for Circle Rejected
馃挵 Circle Says No to Billions
Ripple made a significant acquisition attempt for Circle, the company behind the USDC stablecoin, with an offer ranging between $4-5 billion. However, Circle declined the proposal, stating the valuation was too low for their operations.
Key points:
- Offer valued between $4-5 billion
- Circle is the issuer of USDC stablecoin
- Deal rejection based on valuation concerns
Read the full report on Decrypt
An offer between $4 and $5 billion was made by @Ripple to acquire @circle, the issuer of USDC. Circle declined it as it believed the offer was undervalued. Read the full article on @DecryptMedia 猬囷笍
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