Ripple's Buyout Bid for USDC Issuer Circle Rejected, Eyes Still on Deal

  • Ripple, the blockchain firm behind the XRP token and newly launched RLUSD stablecoin, reportedly attempted to acquire Circle, the issuer of the $60 billion market cap stablecoin USDC, but was turned down, according to sources cited by Bloomberg. Despite the failed acquisition, Ripple is said to remain interested in Circle, although no follow-up bid has been decided.