News View Non-AMP

XRP News Today: Ripple Not Acquiring Circle, Confirms CEO Brad Garlinghouse

Published by
Nidhi Kolhapur

Ripple CEO Brad Garlinghouse has officially denied recent reports claiming that Ripple was planning to acquire Circle, the company behind USDC.

“Brad was unequivocal that Ripple didn’t pursue an acquisition of Circle. While he wished Circle well, he wasn’t considering any acquisition,” shared Georgetown Law professor Chris Bummer, citing a conversation he shared with Brad at the conference. 

Ripple’s $5B offer rumors denied; Circle’s $7.2B IPO ahead

This comes after weeks of speculation that Ripple had made a $5 billion offer, which Circle had rejected. There were reports that both Ripple and Coinbase were in informal talks to buy Circle. However, in late May, Circle firmly denied the rumors, stating it wasn’t for sale. Circle is set to go public this week with a boosted valuation of $7.2 billion, trading under the ticker CRCL.

Brummer believes that Ripple’s Hidden Road acquisition signals bigger plans. RLUSD isn’t just another stablecoin, it’s being built as on-ledger collateral, with transactions recorded on the XRP Ledger. This kind of infrastructure is the backbone of real adoption, he says. Ripple is also working with the UAE on tokenized real estate. 

Brad Garlinghouse Urges Unity

Brad also stressed how harmful it is when crypto projects attack each other publicly. According to the professor, Ripple’s gift of the Satoshi skull wasn’t just a marketing move; it was a diplomatic gesture. Brad also talked about his past meetings with the SEC, noting how different staff members engaged during the long litigation.

What Is Ripple Aiming For?

Ripple is not trying to replace trad-fi; in fact, it is aiming to work alongside it. The vision is a hybrid system where cryptocurrencies, such as stablecoins and tokenized assets, and traditional banks operate together.

Brummer also hinted that Ripple’s next acquisitions will not just target AMMs or token platforms. Instead, expect deals for prime brokerages, fiat on-ramps, and payment processors.

FAQs

What is Ripple’s RLUSD stablecoin used for?

RLUSD is Ripple’s stablecoin used as on-ledger collateral for payments, aid delivery, and tokenized asset transactions.

Why did Brad Garlinghouse gift a Satoshi skull?

It was a diplomatic gesture to foster unity among crypto projects, not merely a marketing stunt.

Is XRP a good investment in 2025?

Yes, XRP remains a promising 2025 investment due to strong fundamentals, stablecoin use, and potential ETF listings.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Recent Posts

Hyperliquid Founder Calls Out Binance and CEXs for Hiding Liquidation Data Amid Market Crashes

Hyperliquid founder Jeff Yan has recently criticized the lack of transparency around centralized exchange (CEX)…

October 13, 2025

Hyperliquid Unveils HIP-3 for Permissionless Perpetual Markets

Hyperliquid is launching the HIP-3 upgrade, allowing developers to launch their own decentralized perpetual markets…

October 13, 2025

ASTER Price Surges 18%, Is This the Start of a Bullish Reversal?

Over the past day, the crypto market has been eyeing on ASTER’s dramatic comeback. After…

October 13, 2025

Crypto News Today: 400 Traders in India Caught in Crypto Tax Net

The tax departments in India have launched an investigation targeting over 400 wealthy traders.  According…

October 13, 2025

CZ Explains Why BNB Price Thrived While Others Plummeted

While the crypto market continues to recover from its recent meltdown, Binance Coin (BNB) is…

October 13, 2025

Beyond Bitcoin: Bitwise Analysts Reveal Top Altcoins Set to Outperform in Q4

The crypto market is shifting. Q4 2025 may be an important period for altcoins beyond…

October 13, 2025