Ripple Labs makes a $4 billion to $5 billion bid to acquire stablecoin provider Circle Internet Group, which gets rejected as being too low.
Despite the rejection, Ripple remains interested in Circle and may consider making a revised offer.
Circle, issuer of USDC stablecoin, has filed for an IPO to achieve a valuation of $4 billion to $5 billion, signaling its second attempt to go public.
Recent advancements in stablecoin legislation in Congress, along with Ripple's strategic moves, indicate a changing landscape for the cryptocurrency industry.