Ripple Tried to Buy Circle for Billions—Guess Who Said No?

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What to know:

  • Apparently, Ripple decided it wanted a bit more Circle in its life (as one does in crypto) and made a multi-billion dollar offer, according to Bloomberg.
  • Circle, sporting enviable restraint (or staggering optimism), responded with a flat-out “No, thanks.”
  • Circle is part of a merry band of crypto companies with IPO dreams glistening in their eyes — because why just swim with sharks when you can swim with Wall Street?

In a move that’s almost too poetic for the blockchain era, Ripple—yes, the folks behind XRP and now the aspiring stablecoin RLUSD—tried to snag Circle, the keeper of the mighty USDC. Bloomberg says the deal was floated, and promptly sunk. Not even a whiff of “Let’s sleep on it.”

Sources (presumably the people who hang around coffee machines at Ripple HQ) confessed to Bloomberg that Ripple still bats its eyelashes at Circle. Will they up the offer? Will Circle ever say yes? It’s less “When Harry Met Sally” and more “When Crypto Met Capitalism.” 🍿

For a quick reality check, RLUSD has about $300 million kicking around in its market cap piggy bank, while Circle’s USDC is sitting on… wait for it… more than $60 billion.

All of this, of course, is happening against the backdrop of Circle and its crypto comrades lining up for that big public debut. Because nothing says “future of money” like going absolutely traditional and getting listed on the Nasdaq. 🚀

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2025-04-30 23:01