In what can only be described as a classic case of “the offer you make vs. the offer you get,” Circle has decided to reject Ripple‘s $5 billion bid. Yes, that’s right—despite Ripple’s “generous” offer, Circle deemed it “too low.” But don’t despair, dear readers, Ripple is apparently still “interested” in striking a deal. Oh, the suspense! 😏
Circle’s Big, Bold IPO Plans: The Sequel
Meanwhile, in the world of high finance, Circle is busy planning its public debut with an IPO that’s making headlines. This comes right on the heels of Circle filing a prospectus, which is just a fancy word for “we’re going public, baby!” To put this in perspective, Circle was valued at a cool $9 billion back when it tried to merge with a SPAC back in 2022—an endeavor that ended with all the grace of a cat trying to jump on a counter and missing. 🙄
For those keeping score at home, Circle’s USDC—yes, the one that’s pegged to the U.S. dollar—remains the second-largest stablecoin by market supply, right behind Tether’s USDT. Now, had Ripple snagged Circle, they would have solidified their position in the world of stablecoins and payments like a rock climber finally reaching the summit (without falling off, hopefully). 📉
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2025-05-01 05:17