Ripple Tries to Snag Circle for Chump Change—Circle Says “Fuhgeddaboudit!”

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So picture this: Ripple walks into Circle’s office, drops a suitcase with $4-5 billion on the table, and says, “How about we buy you, eh?” Circle takes one look and says, “For that price? You want fries with that? 🍟”

Bloomberg says Circle didn’t just reject the offer—they probably laughed first and then politely showed Ripple the exit (and maybe charged them for parking). Negotiations have happened, sure, but Ripple’s acting like the nervous guy at prom—can’t decide if he wants to make another move. 💃🕺

Meanwhile, Circle, the big cheese behind the USDC stablecoin, is all dressed up and ready for an IPO. They filed for it in April, so now it’s all, “Look away, we can’t talk about acquisitions, we’re in regulatory hibernation!” Long-term goals? Apparently: go public, make stock ticker fans lose their minds, and keep saying “no comment.” Ripple? Also silent. Everyone’s playing it cool, but probably sweating a little under the suit jackets.

Circle’s IPO

Circle is marching toward the NYSE with dreams of being listed as “CRCL” and aiming for a big fat $4–5 billion valuation. Just the right amount to make you spill your coffee. ☕

They made $1.68 billion in 2024, which sounds terrific—until you peek at net income and EBITDA and realize someone left the cash faucet running. Expenses up, growth limping, but hey, it’s crypto! What could possibly go wrong?

This offer is just a tiny slice of the crypto dealmaking cake lately. Tokens are popping, IPOs are trending, and everyone—including BitGo, Gemini, and Bullish Global—wants to ring the opening bell before the next crypto winter. 

Ripple’s trying to muscle their way into the stablecoin kitchen with RLUSD, which, with a market value of $316.9 million, is basically the mini-muffin of stablecoins compared to Circle’s $61.7 billion USDC baguette. 🥖

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2025-04-30 22:11