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Ripple offered $5 billion to buy Circle, which owns USDC, but Circle declined, preferring an IPO.
Ripple offered to buy Circle, the company behind the popular USDC stablecoin, for up to $5 billion.
Circle rejected the offer, citing plans to go public through an IPO.
Ripple, which recently launched its own stablecoin RLUSD, aims to expand its presence in the stablecoin market.
The rejection highlights Circle's confidence in its standalone strategy and Ripple's continued focus on growing its financial infrastructure through acquisitions and investments.
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Ripple ofreció $ 5 mil millones para comprar Circle, que posee USDC, pero Circle declinó, prefiriendo una salida a bolsa.