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Ripple Offers $4-5 Billion to Acquire Circle as It Launches USDC Payments Network and Partners for SWIFT Competitor

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Updated May 11, 2025, 05:21 PM

Circle has introduced the Circle Payments Network, a platform designed to mainstream USDC stablecoin payments by connecting financial institutions through a compliance-first architecture. This network aims to address the inefficiencies of legacy payment rails, which are characterized by slow cross-border transactions, high fees, and lack of transparency. The platform is powered by USDC and EURC stablecoins. Meanwhile, Ripple has reportedly made a $4-5 billion offer to acquire Circle, the issuer of the USDC stablecoin.

Circle is also actively partnering with banks to develop a stablecoin-based competitor to the SWIFT payment system. Additionally, Circle has collaborated with Onafriq to reduce cross-border payment costs in Africa using USDC. In the broader stablecoin ecosystem, Stripe has launched stablecoin accounts in 101 countries, and Bridge has introduced USDB, which is expected to have a significant impact on emerging markets.

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#Circle #Circle Payments Network #USDC #EURC #Ripple #SWIFT #Onafriq #Africa #Stripe #Bridge #USDB

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Sources

ledgerinsights.com(2)cointelegraph.com finextra.com decrypt.co

prbrody.eth

@pbrody

#WorthReading https://t.co/XIvXxs5kGk Circle taps Onafriq to cut Africa’s cross-border payment costs with USDC

Oliver Bussmann

@obussmann

Analysis: Ripple makes bid for stablecoin issuer Circle - report - Ledger Insights - blockchain for enterprise https://t.co/sTfgVaAsTQ https://t.co/sDVlaZq0UN

Dr Efi Pylarinou

@efipm

Stripe rolls out stablecoin accounts in 101 countries, as Bridge launches USDB - Ledger Insights https://t.co/tpchq4QdVZ This is major for EM countries. https://t.co/ysXWgSLpt1