Circle has rejected Ripple's $5 billion acquisition bid as undervalued and remains focused on an IPO with plans to list on the NYSE under ticker CRCL.
The stablecoin competition intensifies as the GENIUS Act nears approval, positioning USDC issuer Circle against Ripple and others in the market.
Circle has clarified that it is not for sale, emphasizing its long-term independence and commitment to its IPO goals.
As regulatory clarity approaches with the GENIUS Act, the battle for stablecoin market dominance continues among major players like Tether, USDC, and Ripple's RLUSD.