{"id":23555,"date":"2025-05-01T09:40:44","date_gmt":"2025-05-01T06:40:44","guid":{"rendered":"https:\/\/forklog.com\/en\/ripples-bid-for-circle-deemed-insufficient-say-sources\/"},"modified":"2025-05-01T09:40:44","modified_gmt":"2025-05-01T06:40:44","slug":"ripples-bid-for-circle-deemed-insufficient-say-sources","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ripples-bid-for-circle-deemed-insufficient-say-sources\/","title":{"rendered":"Ripple&#8217;s Bid for Circle Deemed Insufficient, Say Sources"},"content":{"rendered":"<p>American cryptocurrency firm Ripple attempted to acquire Circle, the issuer of the USDC stablecoin, for $4\u20135 billion, according to <a href=\"https:\/\/news.bloombergtax.com\/financial-accounting\/ripple-is-said-to-have-offered-to-buy-stablecoin-rival-circle\">Bloomberg<\/a>, citing sources.<\/p>\n<p>The deal reportedly fell through due to the insufficient offer. Ripple remains interested in the acquisition but has yet to formulate plans or make new proposals.<\/p>\n<p>Circle declined to &#8220;comment on market rumors.&#8221; According to sources, the firm will continue to work towards its planned <a href=\"https:\/\/forklog.com\/en\/news\/circle-to-launch-ipo-on-nyse\"><span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span><\/a>. In early April, the procedure was <a href=\"https:\/\/forklog.com\/en\/news\/circle-considers-delaying-ipo-amid-market-turmoil\">postponed<\/a> indefinitely due to market uncertainties.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe are in a \u2018quiet period\u2019 with the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>, so we cannot provide additional insights regarding corporate financial plans,\u201d a representative of the USDC issuer stated.<\/em><\/p>\n<\/blockquote>\n<p>Earlier, Circle <a href=\"https:\/\/forklog.com\/en\/news\/circle-to-challenge-visa-and-mastercard-with-new-payment-product\">announced<\/a> its intention to launch its own payment system to compete with Visa and Mastercard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American cryptocurrency firm Ripple attempted to acquire Circle, the issuer of the USDC stablecoin, for $4\u20135 billion, according to Bloomberg, citing sources. The deal reportedly fell through due to the insufficient offer. Ripple remains interested in the acquisition but has yet to formulate plans or make new proposals. Circle declined to &#8220;comment on market rumors.&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,1235,112],"class_list":["post-23555","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-circle","tag-mergers-and-acquisitions","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"66","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23555"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23555\/revisions"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}