TechFlow news, June 4 — According to The Block, Ripple CEO Brad Garlinghouse publicly denied during a conference in Las Vegas that Ripple had proposed acquiring stablecoin issuer Circle, calling the reports false and stating they "never considered the deal." Earlier media reports claimed Ripple made an acquisition offer of between $4 billion and $5 billion. Circle responded by saying "the company is not for sale" and is currently preparing for an IPO at a $7.2 billion valuation, planning to sell 32 million Class A ordinary shares. Ripple launched its own stablecoin, RLUSD, in 2024, which currently has a market cap of $310 million, far below USDC's $61.5 billion.
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