San Francisco-based enterprise blockchain company Ripple reportedly approached the circle with an offer to acquire Mammoth. The proposals are in the range of $4 million to $5 billion, according to the report.
However, Circle, the major competitor of Ripple in the Stablecoin sector, rejected the offer because it considers the company to be underestimating.
This happens after Circle is submitted to launch an initial public offering (IPO) in the United States.
As reported by U.Today, Ripple Preside Monica Long recently said the company is not interested in the release, adding that it is in a “acquisitive” position.
Earlier this month, Ripple announced its decision to purchase Prime Brokerage Hidden Road for a whopping $1.25 billion, one of the biggest crypto transactions in history.
