Birja
vip

Here are the details of the two important developments you mentioned about Ripple:


Ripple's Circle Acquisition Offer Rejected:
Blockchain-based payments company Ripple made an offer of between $4 and $5 billion to acquire stablecoin issuer Circle Internet Group. However, according to the information received, Circle rejected this offer. It is stated that the main reason behind the rejection decision is that Circle found this valuation low.
Circle has a significant market share, especially with the USD Coin (USDC) stablecoin it issued. Considering that USDC's market value is over $60 billion, it is understood that Ripple's offer was low for Circle.
Regarding the subject, a Circle spokesperson refrained from confirming the details of the deal due to ongoing regulatory reviews and the silence period implemented by the SEC (U.S. Securities and Exchange Commission). There has been no official statement from Ripple yet.
This development can be considered a setback for Ripple's growth strategy in the stablecoin space. Some experts suggest that Circle could be targeting a $10 billion initial public offering (IPO) in the future, given its current positive momentum and potential positive developments in cryptocurrency regulations.
Ripple Gets Approval to Enter the Trading and Remittance Markets in the UAE:
Ripple has secured the first DFSA (Dubai Financial Services Authority) license required for blockchain-based payments in the United Arab Emirates (UAE). This license gives Ripple access to the $400 billion trading and $40 billion remittance markets in the UAE.
With this approval, Ripple will be able to offer regulated cross-border payments services in the UAE and launch its institutional-grade US dollar-backed stablecoin, RLUSD, in the region. RLUSD is intended to support secure, compliant, and scalable blockchain-based financial solutions.
This license in the UAE is seen as an important step in Ripple’s global growth strategy. This will strengthen the company’s presence in the Middle East and North Africa (MENA) region and provide access to important financial corridors. Ripple's entry into these markets could contribute to making cross-border payment systems in the region more efficient and cost-effective.
#Fed May Rate Forecast#
#May Market Outlook#
#Gate.io Airdrop Guide#
post-image
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 11
  • Share
Comment
0/400
SaniaCryptoStaRvip
· 05-05 11:34
Good post
Reply0
Ybaservip
· 05-04 20:07
Thanks for information.
Reply0
Hedgehog_uservip
· 05-04 19:39
Ripple will still undergo a correction.
Reply0
Kosmossvip
· 05-04 17:46
HODL Tight 💪
Reply0
Feditavip
· 05-04 17:40
Watching Closely 🔍
Reply0
TonmoyBDvip
· 05-04 17:04
Thanks for information.
Reply0
TonmoyBDvip
· 05-04 17:04
Thanks for information.
Reply0
MrSTARvip
· 05-04 16:39
Thanks for information.
Reply0
CryptoAnTT9vip
· 05-04 16:30
Buy To Earn 💎
Reply0
SunshineNvip
· 05-04 13:42
HODL Tight 💪
Reply0
View More