Circle Rejects Ripple’s $4-5B Takeover Bid Amid USDT Dominance

In a bold move highlighting the competitive landscape of stablecoins, Circle Internet Financial has rejected Ripple Labs’ acquisition offer of $4-5 billion, deeming it insufficient for its market position. With USDC’s $61.6B market cap and $6.9B daily volume, Circle remains a formidable player as Ripple aims to challenge Tether (USDT) with its new RLUSD stablecoin.

Circle Rejects Ripple’s $4-5B Takeover Bid as Too Low

Ripple Labs proposed acquiring Circle Internet Group Inc. for $4 billion to $5 billion, but the stablecoin issuer rejected the offer as undervaluing its market position. Circle, the second-largest stablecoin provider, currently boasts a $61.6 billion market capitalization for its USDC token and $6.9 billion in daily trading volume.

The rebuffed bid comes as Ripple seeks to expand its newly launched RLUSD stablecoin to challenge Tether’s USDT dominance. While Ripple remains interested in the acquisition, Circle declined to comment, citing SEC quiet period restrictions on discussing corporate financial plans.

USDT Strengthens with Strategic Moves and Market Confidence

Tether CEO Paul Ardoino linked USDT’s resilience to the U.S. dollar’s global dominance, suggesting potential demand surges if Trump-era monetary policies regain traction. The stablecoin’s appeal in inflation-ridden markets underscores its role as a dollar proxy.

Upcoming product enhancements and security upgrades aim to fortify USDT’s market position. Technical measures will focus on mitigating risks in volatile regulatory environments, though specific features remain undisclosed.

Tron Dominates Stablecoin Activity with $2 Billion Influx and Surging Fees

The TRON network is experiencing unprecedented stablecoin activity, with over $2 billion in USDT and USDC inflows recorded in the past week alone. Tether’s single-day minting of $1 billion USDT on TRON underscores the blockchain’s growing dominance, bringing its total issuance to $71.7 billion—a $12 billion increase since late January.

TRON has now surpassed other major blockchains in transaction fee generation, collecting $11.7 million in fees over the past seven days. This surge follows two consecutive weeks of substantial inflows, including $623 million before April 21 and $1.52 billion the prior week.

The network’s rising prominence in stablecoin transactions highlights its increasing role in the digital asset ecosystem, outpacing competitors in both usage and revenue generation.