Ripple to acquire Circle for $20B? 😳🪙; Revolut embraces Bitcoin's Lightning Era🔥🪙; AvidXchange goes private in $2.2B deal 🤝🤑

FinTech is Eating the World, 8 May

Hey Everyone,

Good morning & happy Thursday! Today, we’re looking into Ripple that could acquire stablecoin giant Circle for as much as $20 billion (what it’s all about, why would it make sense, & what this M&A would mean for the industry + bonus deep dive into Circle’s IPO, the ultimate list of stablecoin use cases & more resources inside), Revolut, which is now embracing Bitcoin's Lightning Network (what’s the USP here & why it matters + bonus deep dive into Revolut’s 2024 financials & more), and AvidXchange that is going private in $2.2 billion deal (what does it tell us & what should we expect next). Let’s just jump straight into the intriguing stuff 🌶️

Ripple to acquire Circle for $20 billion? 😳🪙

The news 🗞️ Crypto giant Ripple has made a strategic move to acquire Circle, the issuer of USDC, the world's second-largest stablecoin with a market capitalization of approximately $61 billion.

According to reports from multiple sources, Ripple initially offered between $4-5 billion, which Circle rejected as insufficient. More recent reports suggest Ripple may have increased its offer to as much as $10 billion, though neither company has officially confirmed these figures 👀

Let’s take a quick look at this, understand what it’s all about, and see what it would mean for the future if this M&A were to actually happen.