Ripple’s $ 5B bid was rejected to obtain a USDC issuer circle.

Ripple made a bid of $ 5 billion to take over the USDC publisher circle, but this proposal was too low, Bloomberg reported.

The source said that the value of the transaction proposed in the Newswire is between $ 4 billion and $ 5 billion. Ripple said he did not submit a subsequent proposal.

Ripple is trying to invade Stablecoin Market worth $ 239 billion and started RLUSD Stablecoin in December. However, according to CoinmarketCap, RLUSD’s market capitalization remains a small player of $ 337 million compared to USDC’s $ 61.5 billion.

Ripple BID comes in just 30 days after the Circle submits to the IPO.

The bidding was made in a month by Circle, the second largest issue of stability, and applied for IPO (IPO).

Ripple’s aggressive expansion strategy reflects the passing of legal fights with the US Securities and Exchange Commission (SEC). The company recently acquired Prime Broker Hidden Road for $ 12.5 billion to promote the adoption and use of XRP.

today, @ripple He announced that he acquired Hidden Road, one of the biggest transactions in the encryption space, for $ 1.25B. But the price tag is not the most important, which provides one opportunity for Crypto and the most reliable life.

-Brad Garlinghouse (@bgarlinghouse) April 8, 2025

Analysts will be approved in 2025 with 85%chance XRP ETF.

Ripple’s XRP token also benefited from the recent development of the SEC case. Bloomberg analyst ERIC BALCHUNAS has increased the chance that the SPOT XRP ETF (Exchange-Traded Product) will obtain 85%approval of SEC in 2025.

I want to hear Atkins directly, but it’s likely that everything will happen. Here is the probability of our latest approval through all DIF branch ETFs. @jseyff https://t.co/nlhyjjmo9u pic.twitter.com/4acjvwhics

-Eric Balchunas (@Ricbalchunas) April 30, 2025

It is the XRP futures ETF later. approval By the institution in recent weeks.

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