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Ripple once proposed an acquisition of the stablecoin issuer Circle for between 4 billion and 5 billion USD.
According to Bloomberg, Ripple had proposed an acquisition of stablecoin issuer Circle Internet Group Inc. for between $4 billion and $5 billion, but the offer was rejected as too low. Circle is focused on advancing its IPO plans submitted earlier this month, while Ripple has yet to decide whether to make a new acquisition offer. Circle declined to comment on market rumors and stated that due to the current SEC regulatory quiet period, it cannot disclose further financial plans.