Ripple, US -based stablecoin exporter Circle offered to purchase around $ 5 billion. The details of the proposal and the plans of the companies for the future created a significant mobility. While Ripple is still trying to increase Rlusd’s share of Rlusd’s share in the market, Circle follows different strategies.
Ripple’s offer
According to the news reported by Bloomberg, Ripple presented an offer of $ 4 to $ 5 billion to buy Circle.
Bloomberg: Ripple offered Circle for a $ 5 billion.
However, the Circle management said that the proposal was considered as low as the proposal was not sufficient. The company said that he wanted to focus on the public offering process in line with his current plans.
Ripple future
Ripple’s proposal is considered part of the company’s effort to expand the business portfolio and achieve a powerful market position. The company has recently completed the purchase of Prime Broker Hidden Road worth $ 1.25 billion. This move showed that Ripple continued its growth strategy by turning into new business areas.
Circle, on the other hand, chose to continue the road with its planned public offering process. This decision of the company was made considering the current market conditions and investor expectations. Thus, both companies have focused on the targets in their fields by following different strategies.
The steps taken by the two companies are closely monitored by financial markets and investors. In particular, Ripple’s new moves will have an effect on market dynamics. Existing competition and growth expectations in the sector increase the importance of strategic decisions.
The policies adopted by Ripple and Circle in this process can be considered as important reference points for the sector. While investors closely follow the developments, such strategic moves will continue in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
