Ripple proposed acquiring Circle, the issuer of USDC, for $4 billion to $5 billion, but Circle deemed the offer insufficient and rejected it. This development highlights ongoing dynamics in the stablecoin market and Ripple's strategic interests.

Ripple has announced its acquisition of prime broker Hidden Road for $1.25 billion, a significant move to bolster its institutional presence and stablecoin initiatives. The deal, which is pending regulatory approval, will enhance Hidden Road's operations and integrate Ripple's U.S. dollar-backed stablecoin, RLUSD, into its platform, showcasing Ripple's commitment to bridging traditional finance and digital assets.

Ripple is set to acquire the stablecoin payments platform Rail for $200 million as part of its strategy to enhance its stablecoin infrastructure. This move follows significant investments in the cryptocurrency sector and aims to bolster the utility of its own stablecoin, RLUSD, which launched last year.

Ripple is set to acquire stablecoin payments firm Rail for $200 million to enhance its RLUSD stablecoin offerings. The Toronto-based company provides virtual accounts and automated systems, allowing seamless digital asset transactions, and the deal is expected to close in the fourth quarter of this year. With this acquisition, Ripple aims to strengthen its position in the expanding stablecoin ecosystem.