(The Center Square) – The crypto company Ripple recently offered big money to purchase the company best known for issuing the USDC stablecoin. Ripple, best known for its XRP token, offered somewhere between $4 billion and $5 billion to take over Circle Internet Group Inc. However, its proposal was rejected by Circle, Bloomberg reports. The offer would have consolidated two prominent stablecoin companies had Circle accepted the deal. Although Ripple hasn't ruled out making another offer, the rejection baffled crypto experts. Some argue Circle will regret its decision.

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