TechFlow, May 1 — According to Bloomberg, blockchain payments company Ripple previously offered between $4 billion and $5 billion to acquire stablecoin issuer Circle, but the bid was rejected for being too low. It is currently unclear whether Ripple is considering submitting a new offer.
Ripple, valued at approximately $11 billion in 2024, recently acquired prime broker Hidden Road for around $1.2 billion in April, claiming the move will help scale activities on XRP and the XRP Ledger.
Meanwhile, Ripple is gradually moving past its legal dispute with U.S. regulators. In August 2024, a court ruled that Ripple must pay $125 million in liability from a case brought by the U.S. Securities and Exchange Commission (SEC) in 2020. However, Ripple CEO Brad Garlinghouse announced in March that the SEC plans to drop its appeal against the company, and Ripple later stated it would pay a net amount of $50 million related to the lower court's ruling.
