Ripple大胆地收购Circle的报价及其USDC Stablecoin已正式下降

Ripple大胆的50亿美元要收购Circle（USDC的发行人）正式陷入困境 - 现在，加密货币世界正在猜测。

Despite reports of a $5 billion bid from Ripple to acquire Circle, the issuer of USDC, the deal has now officially fallen through.

尽管有报道说从Ripple出价为50亿美元以获取Circle，这是USDC的发行人，但该交易现已正式下跌。

While the move could have instantly positioned Ripple at the forefront of the stablecoin sector, it seems Circle wasn’t satisfied with the offer and saw no reason to accept it.

尽管此举可能会立即将波纹定位在Stablecoin部门的最前沿，但似乎圈子对要约并不满意，也没有理由接受它。

According to insiders at Jungle Inc, the main part of the offer was in illiquid Ripple shares, which may not have appealed to Circle as it prepares for an IPO.

根据Jungle Inc的内部人士的说法，该要约的主要部分是在流动性的Ripple股票中，在为IPO做准备时，这可能没有吸引Circle。

Here’s a closer look at why the deal fell through and what it means for both crypto giants.

这是一个更仔细的观察，为什么交易跌入了为什么对两个加密巨头意味着什么。

1. Illiquid Ripple Equity Offer

1。流动性不足的波纹权益优惠

Insiders reveal that Circle wasn’t satisfied with Ripple’s offer and declined it, considering the valuation insufficient.

内部人士透露，考虑到估值不足，Circle对Ripple的报价并不满意，并拒绝了。

According to Jungle Inc, Ripple likely didn’t offer the full amount in cash. Instead, a significant portion of the $5 billion bid may have come in Ripple equity, shares that are currently private, illiquid, and hard to value.

根据Jungle Inc的说法，Ripple可能没有提供全额现金。取而代之的是，在50亿美元的出价中，很大一部分可能是在波纹权益中，目前是私人，流动性且难以珍视的股票。

For a company like Circle, already preparing for an IPO, trading its future for equity with uncertain market value wasn’t appealing.

对于像Circle这样的公司，已经为IPO做准备，将其未来换成不确定市场价值的股权并不吸引人。

Although Ripple hasn’t followed up with a new bid, it’s still eyeing a possible deal.

尽管Ripple尚未跟进新的出价，但仍在关注可能的交易。

2. Ripple’s Competing Stablecoin

2。Ripple的竞争性稳定

Announced earlier in July, Ripple is launching its own stablecoin, RLUSD, which will run on both the XRP Ledger and Ethereum.

Ripple于7月初宣布，将推出自己的Stablecoin Rlusd，该股份公司将在XRP Ledger和Ethereum上运行。

As crypto analyst Stellar Rippler pointed out, this would make Circle a direct competitor, which begs the question of why they’d merge in the first place.

正如加密分析师Stellar Rippler指出的那样，这将使Circle成为直接的竞争对手，这就提出了为什么他们首先合并的问题。

Circle may have seen the move as a play to quickly neutralize USDC and wasn’t ready to give up its lead in regulatory adoption and market trust. Especially as USDC is a fully-reserved, regulated stablecoin, meaning acquiring it would skip the slow adoption phase for RLUSD and instantly grant liquidity.

Circle可能将这一举动视为快速中和USDC的戏剧，并且还没有准备好放弃其在监管领养和市场信任方面的领导。特别是因为USDC是一个保留完整的监管稳定剂，这意味着获取它将跳过RLUSD缓慢的采用阶段，并立即获得流动性。

3. Circle’s Strong Pre-IPO Position

3. Circle的强大前IPO位置

As shared by John Deaton, Circle is well-funded with strong backers like BlackRock (NYSE:BLK) and Fidelity, and its pre-IPO shares are currently trading around $40, with a target IPO valuation of $5 billion.

正如约翰·迪顿（John Deaton）共享的那样，Circle获得了Blackrock（NYSE：BLK）和Fidelity等强大的支持者，其IPO前股票目前的交易约为40美元，目标IPO估值为50亿美元。

Earlier in 2022, Circle was valued at $9B in a SPAC deal that fell through, and the company also raised funds at $8B in its Series F round.

2022年早些时候，Circle在SPAC交易中的价值为9B美元，该公司还在其F系列赛中筹集了$ 8B的资金。

Given this position, Circle didn’t feel pressure to sell majorly since its stock remains in high demand on the secondary market.

鉴于这个职位，由于其股票对二级市场的需求仍然很高，因此Circle不会感到主要销售的压力。

4. Regulatory and Market Edge

4。监管和市场优势

Circle’s USDC is widely accepted in U.S. regulatory circles, with integrations across Visa (NYSE:V), Stripe, and Robinhood (NASDAQ:HOOD).

Circle的USDC在美国的监管圈中被广泛接受，跨签证（NYSE：V），条纹和罗宾（NASDAQ：HOOD）的整合。

In a series of X post Stellar Rippler highlighted that Ripple could have instantly gained this infrastructure, but Circle wasn’s willing to trade it away, especially not for equity in a company launching a rival product.

在一系列X Post Stellar Rippler中，指出Ripple可能会立即获得此基础设施，但是Circle不愿意将其交易，尤其是对于一家推出竞争对手产品的公司而言，这并不是为了股权。

5. Strategic Misalignment

5。战略错位

Analysts suggest this wasn’t about competition, but consolidation.

分析师认为这不是竞争，而是合并。

Ripple was aiming to rapidly expand its position in the stablecoin sector by acquiring USDC’s network and reputation.

Ripple的目标是通过获得USDC的网络和声誉来快速扩大其在Stablecoin行业的地位。

But as Stellar Rippler concluded, Circle saw more value in maintaining its independence rather than merging with a rival looking to reshape the market on its terms.

但是正如Stellar Rippler得出结论的那样，Circle在保持独立性方面具有更大的价值，而不是与希望根据其条款重塑市场的竞争对手合并。

In short, Ripple aimed high, but Circle wasn’t ready to be absorbed.

简而言之，涟漪瞄准了高度，但圆圈还没有准备好被吸收。