Ripple Offered to Buy Circle—What Happened to the $5B Deal?

• Ripple’s $5B bid for Circle was rejected, with Circle focusing on its IPO and growth trajectory.

• Ripple continues strategic expansion with acquisitions and RLUSD growth, fueling bullish sentiment for XRP.

Ripple made headlines this April with a stunning offer: a proposed $5 billion acquisition of Circle, the issuer of the USDC stablecoin. Previously spotted by Crypto News Flash (CNF), when Ripple and Circle joined crypto giants in supporting Trump’s Advisory Council.

According to a Bloomberg report, Ripple aimed to significantly expand its footprint in the stablecoin market by acquiring one of its main rivals. But Circle walked away from the table, as shared by Walter Bloomberg in his personal X account, revealing this new revelation.

*RIPPLE IS SAID TO HAVE OFFERED TO BUY STABLECOIN RIVAL CIRCLE https://t.co/d5PFUuBwII

— *Walter Bloomberg (@DeItaone) April 30, 2025

In addition, referring to the updates by insiders, Circle turned down the deal, believing the offer undervalued the company—especially given its own growth trajectory and ambitions to go public.

The timing was also crucial. Circle filed for a U.S. IPO earlier this month, and executives appear focused on letting public markets define their valuation, not a takeover.

Strategic Positioning and Ripple’s Acquisition Streak

According to market reports, Ripple has been actively expanding. In April, it announced the acquisition of prime brokerage firm Hidden Road for $1.25 billion, one of the largest crypto M&A deals to date.

It is also known that Ripple President Monica Long recently confirmed the company isn’t eyeing an IPO itself but is firmly in an “acquisitive mode.” The attempted Circle buyout aligns with Ripple’s strategy to scale aggressively and secure a dominant place in stablecoin infrastructure.

Interestingly, Ripple’s own stablecoin, RLUSD, is gaining ground fast with a market cap that has recently crossed $300 million. But that’s still dwarfed by Circle’s USDC, which stands tall at over $62 billion, making it the second-largest stablecoin behind Tether (USDT).

XRP Price Check and Outlook

While Ripple’s corporate strategy doesn’t always directly correlate to XRP’s price, sentiment around expansion—especially in the stablecoin sector—continues to support bullish sentiment for the asset. XRP remains one of the top ten cryptocurrencies by market cap, as institutional confidence in blockchain infrastructure builds.

Close to the prediction in a recent CNF update, XRP shows resilience amid broader crypto volatility, maintaining key technical supports and eyeing a potential breakout above $2.40. As of now, XRP is trading at $2.20 USD, reflecting a 2.16% drop over the past day, with a slight increase of 0.75% in the past week, according to CoinMarketCap. See XRP price chart below.

Recommended for you: