Ripple Proposes $4-5 Billion Acquisition of Circle Amid $200 Million USDC Minted on Algorand

On May 9, 2025, two separate minting events of the stablecoin USD Coin (USDC) occurred, totaling approximately $200 million. The first minting of 100 million USDC, valued at around $100.01 million, came from an unknown wallet on the Algorand blockchain. Later, the USDC Treasury minted an additional 100 million USDC, valued at about $99.99 million. In related news, Ripple reportedly made an offer valued between $4 billion and $5 billion to acquire Circle, the issuer of USDC.

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