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