Ripple CEO Brad Garlinghouse has denied reports that the company intended to acquire stablecoin issuer Circle, dismissing claims of a $5 billion offer as false. Speaking at an event in Las Vegas, Garlinghouse refuted media reports, including a Bloomberg article, which suggested Ripple had made a $4 billion to $5 billion bid for Circle, the issuer of USDC. Circle, which is not for sale according to a company spokesperson, is set to go public with a valuation of $7.2 billion, issuing 32 million Class A shares at $27-28 each. Ripple, which launched its own stablecoin RLUSD last year, has been focusing on mergers and acquisitions that bridge traditional finance with the crypto ecosystem. In April, Ripple acquired Hidden Road for $1.25 billion, marking its largest acquisition to date. Meanwhile, Circle's public offering comes after canceling a previous SPAC merger plan valued at $9 billion in 2022.