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Ripple’s $5B Play for Circle Crashes Into IPO Wall—Stablecoin Dreams Deferred
Ripple’s $5B Play for Circle Crashes Into IPO Wall—Stablecoin Dreams Deferred
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Ripple just got a reality check. The crypto giant’s $4B-$5B bid to swallow Circle—the USDC stablecoin powerhouse—was unceremoniously shot down as Circle pivots toward its own IPO ambitions. Talk about bad timing.
Wall Street’s favorite party trick? Prioritizing paperwork over progress. While Circle preps its S-1 filing, Ripple’s left holding a bag of ’what-ifs’ in the high-stakes stablecoin arms race.
One thing’s clear: In the tug-of-war between crypto’s disruptors and traditional finance’s gatekeepers, the rope keeps getting longer—and more expensive.
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