Ripple reportedly raises Circle bid to $11 billion amid Coinbase competition
Ripple raises Circle bid to $11B amid bidding war
In a bold move that has stunned the crypto community, Ripple has reportedly doubled its offer to acquire Circle, the issuer of the USDC stablecoin, raising the bid from an estimated $5 billion to $11 billion.
Although neither company has publicly confirmed the deal, the rumor has ignited widespread speculation about strategic power plays in the stablecoin market, Coinpedia reported.
If completed, the acquisition would mark one of the largest M&A deals in crypto history and position Ripple to directly challenge Tether’s dominance in the stablecoin space.
Key takeaways
- Ripple’s rumored bid for Circle has increased to $11 billion, up from a rejected $5 billion offer.
- The deal would give Ripple control over USDC, a leading stablecoin with a $61 billion market cap.
- Coinbase is also reportedly eyeing Circle, increasing competitive tension.
- Circle has not confirmed intentions to sell and is reportedly still pursuing a public listing.
Why Circle matters
Circle’s USDC is one of the most trusted and regulated stablecoins in the market. With a market capitalization of $61 billion, acquiring Circle would give Ripple a massive stake in the heart of crypto’s financial infrastructure.
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The timing also aligns with reportedly improved crypto regulatory sentiment in the U.S., further boosting strategic value.
Ripple vs. Coinbase: A competitive standoff
Ripple may not be alone in its pursuit. Coinbase, a public company with $8 billion in cash reserves, could pose serious competition. Given its ability to raise capital via stock, Coinbase could assemble a counteroffer that’s more flexible or appealing to Circle’s board and investors.
Circle’s position: Not for sale—yet
Despite market buzz, Circle has not confirmed any interest in selling. The company has consistently signaled a focus on long-term growth, including a future IPO, and continues to receive backing from institutional players like JPMorgan and Citi.
Observers speculate that Circle may be entertaining offers for strategic leverage or valuation benchmarking—but may not be prepared to exit just yet.
We also reported that Circle talks with Coinbase, Ripple over potential $5B sale.
