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.
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 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.
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.
RLUSD is Ripple’s stablecoin used as on-ledger collateral for payments, aid delivery, and tokenized asset transactions.
It was a diplomatic gesture to foster unity among crypto projects, not merely a marketing stunt.
Yes, XRP remains a promising 2025 investment due to strong fundamentals, stablecoin use, and potential ETF listings.
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