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

• Circle’s $5 billion bid was turned down by Ripple, who wanted to focus on the IPO and its growth trajectory.

• Ripple’s strategic expansion continues with new acquisitions, and RLUSD is growing. This boosts the bullish sentiment towards XRP.

Ripple has made headlines with an incredible offer in April: the proposed acquisition of Circle by $5 billion, the company that issues the USDC stablecoin. Previous spotted Crypto News Flash was there when Ripple, Circle and other crypto-giants joined forces to support Trump’s Advisory Council.

Bloomberg reports that Ripple was looking to acquire one of their main competitors in order to increase its market share on the stablecoins. Walter Bloomberg revealed this revelation in his personal X Twitter account.

*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.

It was important to time the IPO. Circle filed for a U.S. IPO this month and the executives appeared to focus on letting market forces determine their value, rather than a takeover.

Strategic Positioning and Ripple’s Acquisition Streak

Ripple, according to recent market reports has been 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.

Ripple president Monica Long has confirmed that Ripple is not looking to do an IPO but rather is firmly focused on an “acquisitive mode.” Ripple has a strategy of aggressive scaling and securing a dominant position in the stablecoin industry.

Ripple has its own cryptocurrency. stablecoinRLUSD is gaining momentum with a recent market capitalization of $300 million. Circle’s USDC is still the largest stablecoin, with a market cap of over $62 Billion.

XRP Price and Future 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 is one of top ten cryptocurrencies in terms of market capitalization, with institutional trust growing for blockchain infrastructure.

Recent CNF prediction is close to what was predicted updateXRP is resilient in the face of crypto-market volatility. It maintains key technical support and looks to a possible breakout above. $2.40. Currently, XRP trades at $2.20 USD is the currency that represents a 2.16% Drop over the last day with a small increase in 0.75% CoinMarketCap reported that XRP prices have increased by 4% in the past seven days. See XRP’s price chart.

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