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Ripple Eyes Stablecoin Dominance with $4B-$5B Bid for Circle—Wall Street Left Scrambling

Ripple Eyes Stablecoin Dominance with $4B-$5B Bid for Circle—Wall Street Left Scrambling

Author:
Coindesk
Published:
2025-04-30 18:38:09
13
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Ripple Offered $4B-$5B for Stablecoin Issuer Circle: Bloomberg

Ripple’s audacious play for Circle—the powerhouse behind USDC—signals a seismic shift in crypto’s stablecoin wars. The $4B-$5B offer, if successful, would give the XRP creator direct access to the second-largest stablecoin’s infrastructure overnight.

Why it matters: This isn’t just another acquisition. It’s a direct challenge to Tether’s throne—and a middle finger to traditional finance’s slow-moving stablecoin ’innovation’ (if you can call compliance departments napping at their desks innovation).

The kicker? Ripple’s sitting on $25B+ in XRP reserves. Pocket change for a company that’s spent years outmaneuvering the SEC. Now they’re coming for the stablecoin crown—and Wall Street’s still trying to figure out how to mint a digital dollar without breaking their 1999-era systems.

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