Ripple Drops $5B Bomb—Tries to Swallow Circle (USDC’s Golden Goose)
Ripple just flashed a $4-5 billion check to buy Circle—the cash-printing machine behind USDC. Because when your own token’s legal status is murkier than a swamp, why not buy the regulated competition?
Wall Street’s reaction? Probably drafting a ‘stablecoins are systemic risk’ memo between martinis. Meanwhile, XRP holders are left wondering if this is genius or desperation—classic crypto theater.