In a sudden move that reflects the intensification of competition in the stable currency market, the company “Ripple” advanced a acquisition of “Circle”, which is the company that exports the USDC to a sum of 4 and 5 billion dollars, and despite the bold nature of the offer, the response from Serke came up with the rejection and considered it a low evaluation that is not commensurate with the value of the company.
She will respond and stick to its long -term goals
According to reports, “Surke” did not show enthusiasm towards the “Ribel” show, and refused to comment directly on what she described as “market rumors”, and it was satisfied that its financial situation is currently subject to a period of regulatory silence as a result of its recent registration with the US Securities Authority, adding that its long -term plans have not changed, which suggests its confidence in the independent path that it takes towards the first public offering.
Ribel continues to expand it after the Hidden Road deal
The “Ribel” offer came after its acquisition of Hidden Road, a multi -rooted mediation platform, for $ 1.25 billion, and this deal was considered an attempt by “Ripple” to strengthen its presence in the stable currency market, especially with the escalation of the demand for digital assets associated with dollars in light of the fluctuation of other currencies.
The second “Circle” attempt towards the public subscription
“Cerke” has witnessed major changes in its market evaluation during the past years, as it decreased from 9 billion dollars in 2022 to about 5 billion in secondary market trading in 2023, and today the company is heading again towards the public subscription after its official registration with the Securities Authority in April, with an ambition to collect funding that is re -evaluated within the scale of 4 to 5 billion dollars.
This attempt is the second of its kind, as Serkel had already tried to integrate with Concord through the SPAC deal in 2021, but the process was yet aborted organizational procrastination from the Securities Authority, and yet the current indicators, including progress in stable currency legislation, seem more supportive to new endeavors.
XRP takes advantage of the movement
As for the XRP, the currency associated with “Ripple” has recorded a 6% increase in the past two weeks to circulate at $ 2.20, amid speculation that the movements of “Ripple” in the stable currency market may support the position of XRP in the future even if the acquisition did not take place.
