TechFlow, May 5 — According to Bloomberg, enterprise blockchain company Ripple recently made a $4–5 billion acquisition offer to stablecoin issuer Circle, which was rejected. Circle believes the valuation does not adequately reflect its strategic position and growth potential in cross-border payments.
Circle's stablecoin USDC currently has a market capitalization exceeding $61 billion, making it the world's second-largest stablecoin. The company filed for an IPO in April 2025 and generated $1.67 billion in revenue in 2024. Circle’s recently launched Circle Payments Network (CPN) aims to connect global financial institutions through USDC and other regulated stablecoins.
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