
Ripple is rumored to have made a multi-billion-dollar offer to acquire Circle, sparking debate amid Circleโs plans for a NYSE IPO under ticker CRCL.
While Circle denies any sale talks, industry leaders like Chamath call a Ripple-Circle deal โgenius,โ fueling speculation across the XRP community.
The crypto community is betting high on Ripple Circle acquisition rumours. Many XRP influencers speculate that Ripple may be trying to acquire Circle, the company behind USDC. Some XRP community members also believe such a move could massively boost XRPโs utility. But with Circle preparing for an IPO on the New York Stock Exchange under the ticker CRCL, many doubt these rumors.ย
Chamath: It Would Be a Genius Move
Venture capitalist Chamath Palihapitiya believes a buyout of Circle by Ripple or Coinbase would be โgenius.โ He said Circleโs IPO is 25x oversubscribed and values the firm around $7 billion. If someone could buy it for $12โ13 billion, it would be a steal. Chamath praised Circle for building key stablecoin infrastructure ahead of upcoming U.S. regulations like the GENIUS bill.
He predicted that Ripple, Coinbase, Stripe, and Square would soon compete for stablecoin dominance, which would benefit users but hurt long-term profits. According to him, the company offering the most cost-effective and efficient system will likely win the race.
A Circle of Denial?
It all started when, Bloomberg first reported that Rippleโs initial bid for Circle was rejected, with Coinbase allegedly making a counteroffer. However, Circle firmly told the media that itโs โnot for sale.โ
Meanwhile, Ripple CEO Brad Garlinghouse has also denied making a $10 billion offer for Circle but didnโt rule out that acquisition talks may have happened.ย
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Mixed Reactions From the Crypto Community
Crypto analyst Scott Melker agreed with Chamath but added that Tetherโs position could change the game. If Tether gets U.S. regulatory approval, it might become unbeatable. He said heโs friendly with both Ripple and Circle teams and wants both to win.
On the other hand, XRP influencer Mickle claimed Ripple already offered $5 billion to buy Circle, later increasing it to over $10 billion. He argued this would be more appealing than Circleโs goal to raise $6 billion from its IPO. But critics called it baseless speculation.
Some pointed out that Circleโs board and long-term goals might stop such a deal. Also, Circle officially denied receiving any offers from Ripple or Coinbase and said itโs focused on the IPO.
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FAQs
Acquiring Circle could boost XRPโs utility and stablecoin reach, aligning Ripple with U.S. regulatory trends and expanding market share.
No, Circle officially denied receiving offers and says it remains focused on its upcoming IPO under the ticker CRCL.
A Ripple-Circle merger could enhance XRP’s utility by integrating USDC’s stablecoin infrastructure, potentially boosting XRP adoption.