This comes after Circle filed to launch an initial public offering (IPO) in the US.

As reported by U.Today, Ripple President Monica Long recently stated that the company was not interested in going public, adding that it was in an "acquisitive" position.

Earlier this month, Ripple announced its decision to buy prime brokerage Hidden Road for a whopping $1.25 billion, which marks one of the largest crypto deals in history.

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