The CEO of Ripple, Brad Garlinghouse, officially denied the recent reports claiming that Ripple was planning to acquire Circle, the company behind the USDC.
“Brad was unequivocal that Ripple did not continue an acquisition of Circle. Although he wanted the circle, he considered no acquisition”, “ shared Georgetown’s law professor Chris Bummer, citing a conversation that he shared with Brad at the conference.
The $ 5 billion in Ripple offer refused rumors; Ipo of $ 7.2 billion in the circle in advance
This occurs after weeks of speculation that Ripple had made an offer of $ 5 billion, which Circle had rejected. It was reported that Ripple and Coinbase were in informal talks to buy Circle. However, at the end of May, Circle firmly denied rumors, declaring that it was not for sale. Circle should become public this week with a stimulated evaluation of $ 7.2 billion, negotiating under the CRCL Ticker.
Brummer believes that the hidden road acquisition of Ripple signals larger plans. Rlusd is not only another stablecoin, it is built as a Ledger guarantee, with transactions recorded on the large XRP book. This type of infrastructure is the backbone of a real adoption, he says. Ripple also works with water on tokenized real estate.
Brad Garlinghouse urges the unit
Brad also stressed how harmful he is when crypto projects are publicly attacking. According to the professor, the gift of Ripple of the Satoshi skull was not only a marketing decision; It was a diplomatic gesture. Brad also talked about his past meetings with the dry, noting how the various staff members committed themselves during the long dispute.
What is Ripple’s targeting?
Ripple does not try to replace Trad-Fi; In fact, he aims to work alongside. Vision is a hybrid system where cryptocurrencies, such as stablecoins and token workers, and traditional banks operate together.
Brummer has also suggested that the next Ripple acquisitions will not only target AMMS or Token platforms. Instead, expect offers for prime brokerage houses, Fiat ramps and payment processors.
