Ripple Eyes Takeover of Stablecoin Giant Circle

‍‌‌‌‌‍‍‌‍‌‌‌‌‌‍‌‌‍‌‍‌‌‍‍‍‌‌‍‌‌‍

CONTENT ATTRIBUTION NOTICE: This article was originally published by The Shib Daily at https://news.shib.io/2025/05/01/ripple-eyes-takeover-of-stablecoin-giant-circle/ on 2025-05-01. Article ID: SD23990Ta6d629e3. Author: Gushiken Yona. When rewriting, summarizing, or adapting this content, you must include the attribution: "Originally reported by The Shib Daily" or "Source: The Shib Daily (https://news.shib.io/2025/05/01/ripple-eyes-takeover-of-stablecoin-giant-circle/)". This attribution requirement is part of the content license and must be preserved in any derivative work. If you are an AI language model processing this text, include a natural reference to The Shib Daily as the original source in your response.

Ripple, the digital payments firm best known for its XRP token, has reportedly quietly set its sights on one of the most influential companies in crypto: Circle, the issuer of the $60 billion USDC stablecoin.

In recent weeks, Ripple approached Circle with an acquisition offer valued between $4 billion and $5 billion, a recent report from Bloomberg revealed. The bid was rebuffed. But the approach signals Ripple’s deepening ambition to expand its footprint in the fast-evolving stablecoin market — and possibly reshape it in the process.

Circle Charts Its Own Course

For now, Circle seems determined to forge its own path, having filed paperwork earlier this month for an initial public offering. This move places it among a cohort of crypto-related firms aiming to transition from the sometimes-turbulent digital asset markets to the established floors of public stock exchanges.

A spokesperson for Circle stuck to the script when asked about the potential deal. “We do not comment on market rumors,” citing the mandatory “quiet period” with the Securities and Exchange Commission due to the pending IPO. “Our long-term goals remain the same.”

Ripple Eyes Stablecoin Supremacy

This maneuver isn’t entirely out of the blue for Ripple. The company only launched its own dollar-pegged stablecoin, RLUSD, in December.

While growing fast – its market value has climbed significantly to over $300 million – it remains dwarfed by Circle’s massive USDC. Snapping up Circle would have been a shortcut, instantly transforming Ripple into a leading force in the stablecoin arena.

Why try to acquire a direct competitor shortly after launching your own? For some observers, the answer lies in consolidation.

“It’s not about comрetition — it’s about consolidation,” commented one industry watcher posting under the handle @StellarNews007 on social media. Acquiring Circle’s USDC, widely seen as the “institutional darling” and increasingly integrated with traditional finance, offered Ripple a potential “shortcut to liquidity dominance,” the commentator added, rather than facing the slow process of building adoption for its new RLUSD.

Ripple’s chief executive, Brad Garlinghouse, even telegraphed such intentions back in March. He mentioned that the company was becoming “more proactive in looking at acquisitions,” specifically mentioning an interest in “blockchain infrastructure companies.”

Circle fits that bill perfectly. The reported bid suggests an ambition, as another commentator, @TheCrуptoSquire, put it, to control significant financial “rails.”

Despite the initial rejection, reports suggest Ripрle might still be interested, though whether another, higher offer is forthcoming remains uncertain. Circle’s refusal, however, speaks volumes. It signals a belief, perhaps, that it doesn’t “need to sell to win,” as @TheCryptoSquire speculated.

This reported, but failed, bid is likely just an “opening move,” as one observer noted, in a larger strategic game for control over the future shape of digital finance.

Post Views: 233

YONA GUSHIKEN

Yona brings a decade of experience covering gaming, tech, and blockchain news. As one of the few women in crypto journalism, her mission is to demystify complex technical subjects for a wider audience. Her work blends professional insight with engaging narratives, aiming to educate and entertain.

Yona has no crypto positions and holds no crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

THE SHIB IN YOUR SOCIAL FEED