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Home»BLOCKCHAIN NEWS»Circle refused to buy $ 5 billion in Ripple. It is worth more than $ 20 billion after NYSE debut.
BLOCKCHAIN NEWS

Circle refused to buy $ 5 billion in Ripple. It is worth more than $ 20 billion after NYSE debut.

By Crypto FlexsJune 8, 20254 Mins Read
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Circle refused to buy $ 5 billion in Ripple. It is worth more than $ 20 billion after NYSE debut.
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Main takeout

  • Circle saw the market value exceeding $ 20 billion after NYSE debut.
  • The company is considered to have undervalued Ripple’s $ 5 billion acquisition proposal.

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The USDC STABLECOIN issuer CIRCLE made a blockbuster debut in Wall Street this week, the stock price reached $ 123, and the market capitalization was simplerly market cap of nearly $ 25 billion.

At the end of the second trading day at the New York Stock Exchange (NYSE), the stock (CRCL) settled at $ 107 and provided more than $ 20 billion in the Circle. In addition to the $ 31 IPO pricing per share, RIPPLE’s $ 5 billion proposal was previously evaluated.

Coinbase’s CEO Brian Armstrong said, “At any time, USDC is the most reliable stable Starble Lecomin.It is difficult to build legal and regulated encryption products.

“This is a tremendous milestone for both Circle and the industry, and the demand for Crypto is an inseparable force for both Circle and the industry.

Source: Yahoo Finance

In April, Bloomberg reported that Ripple has made a proposal to acquire a circle of $ 4 billion to $ 5 billion, which is said to be undervalued. Ripple CEO Brad Garlinghouse later filed a report in a conversation with Geris Brummer.

Circle itself also refused to report a separate report from Fortune, which had a discussion with Ripple or Coinbase, and the company stated that it is not for sale and focusing on long -term strategy execution.

Whatever the case of bidding, Circle’s choice to keep the course with IPO is now a well -organized phone.

The company is now a member of a small elite password company that has successfully leaped to the public market according to Coinbase, and has become a public market following the Coinbase released in 2021 through NASDAQ and ETORO last month.

Circle is now officially open company @nyse Below $ CRCL.

With @usdcEURC, Circle Payments Network, etc. We are pushing for the future of frictional value exchange.

We are not just building financial products. we are… pic.twitter.com/spbzjmzsvy

-Wind (@circle) June 5, 2025

Following the movement of Circle, interest is now changing to Krake and Gemini, and the two major encryption exchanges are known to have prepared a list of US.

On Friday, Gemini confirmed that he had submitted a confidential draft registration statement to the SEC for potential IPOs. Details, such as the number of shares and estimated prices to be provided, have not been disclosed yet, and the open timeline has not been announced.

Stablecoins go to prime time

The public debut of Fintech, headquartered in New York, is widely known as a watershed moment in digital assets, especially Stablecoins, to promote in legislative discussions and institutional strategies.

CEO Jeremy Allaire said in a Friday post, “We have begun to execute our ultimate mission and vision, and as we move from the initial adoption of this technology to a wide range of liquor acceptance, the transition to us is an inflection for us.

Wall Street’s warm reception of the circle signal sends a signal that Stable Coin is seriously accepted by traditional finance. And the first approach to the circle can provide USDC Stablecoin, a meaningful advantage, as Big Tech is trying to integrate Stablecoins into an ecosystem.

The USDC, which has a market cap of $ 61 billion, ranks the second largest stablecoin behind Tether’s USDT, which dominates more than $ 154 billion in space according to Coingecko data.

Washington can soon provide a real game changer.

Circle’s IPO has begun institutional interest in Stablecoins, but the actual momentum can soon come from Washington.

Source: Won

The genius law, which is a legislative bill to establish federal rules for the issuance of Stablecoin by both banks and non -banks, is close to the final vote. If it is passed, it will provide a clear legal channel for the agency to enter the market.

Behind the scenes, the management of major banks measures the weight of the construction, purchase or partner relationship with a stablecoin space.

The Wall Street Journal reported last month that some of the largest banks in the United States are considering a co -employment initiative to compete with a digital asset platform that quickly gains market share.

Still at the early stages, this effort is related to the organizations supported by JPMORGAN Chase, Bank of America, Citigroup, Wells Fargo and other US banks.

Combined momentum of the Circle’s IPO and imminent regulatory clarity can accelerate this internal dialogue.

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