Ripple would have made an offer of $ 5 billion to acquire Circle, the second largest stable transmitter, which the company rejected.
Other reports suggest that the circle was not categorically opposed to buyout offers, but that an offer of $ 5 billion was too low.
Has Ripple tried to buy back its competitors?
Several reports on social networks suggest that Circle has rejected the massive redemption offer from Ripple. The main Stablecoin issuer recently filed an IPO, but subsequently interrupted its plans after Trump’s price chaos.
Matthew Sigel’s previous reports from Vaneck suggested that Circle’s planned IPO had an equity assessment of $ 4 to 6 billion. So it seems that Ripple tried to correspond to this evaluation.
The planned IPO and current circumstances suggest that the circle can be open to acquisition offers in the future. After all, analysts previously raised concerns about Circle’s finances.
The leaders of Ripple, for their part, recently said that they did not intend to become public. However, the company has expressed growing interest in acquisitions.
Earlier in April, the company acquired the brokerage platform Prime Hidden Road in a record contract of $ 1.25 billion. Thus, his expansion plans are very obvious.
Last year, Ripple entered the Stablescoin market with Rlusd, an asset that rivals directly with the USDC in Circle. Ripple’s Rusd Stablecoin market capitalization has increased constantly in the last 3 months, currently at $ 318 million.
Stablecoin has experienced notable developments. Rlusd has recently been integrated in Cardano and Chainlink
As part of Trump’s pro-Crypto change, Ripple notes a major opportunity to provide on the American market. While the dry trial approaches an end, the company apparently envisages an aggressive expansion strategy.
It would be a powerful commercial opportunity if the company could resume the expertise and the market share of the Cercle Reserve. For the moment, it is not clear if other negotiations will take place, or if other companies will make greater offers.
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