The company "Circle", the issuer of USDC, rejected an acquisition offer from Ripple that ranged between 4 and 5 billion Dollar, considering it very low, according to a report by Bloomberg.

The report mentioned that the negotiations have completely stopped, and Ripple does not intend to improve the offer.

In contrast, Ripple completed a $1.2 billion acquisition of the brokerage firm "Hidden Road", which is expected to use its network (XRPLedger) to settle post-trade transactions, potentially enhancing the role of XRP in the financial infrastructure.

And although the U.S. Securities and Exchange Commission has not issued a final statement, CEO Brad Garlinghouse announced in March that the legal dispute with the agency has ended, allowing the company to move more freely.

After entering the stablecoin market through RLUSD, Ripple experienced a strong launch, as the market value of the coin rose from 200 million to 300 million Dollar at the beginning of April.

However, the momentum has slowed recently, and the market value has not exceeded 320 million Dollar so far.

Nevertheless, trading volumes jumped by 30% over the last day to exceed 50 Million.