Ripple, a digital payment network based on blockchain, is preparing for a major turning point as it intends to acquire Circle, the company behind USDC. This is not just a regular deal. For holders or followers of XRP, this could completely change the game.
Reasons Ripple Wants to Acquire Circle
Ripple’s plan seems to be just a business move. But behind it is a much larger reason. Circle, the company that created USDC, one of the largest stablecoins in the world, holds over 60 billion USD. If Ripple acquires Circle, they will gain access to this asset pool along with strong relationships with banks and regulators, further strengthening RippleNet.
Impact on XRP
Ripple offered $5 billion to acquire Circle but was rejected as Circle deemed the value insufficient. There are rumors that Ripple has raised the offer to $20 billion. This merger could simplify the payment system, enabling quicker currency transfers with fewer steps and lower costs. XRP could play a significant role in connecting cash flows globally, including with Stablecoin.
If the Deal Fails
Even if Circle declines and chooses the public option, this move shows that Ripple wants to have more control over the liquidity of stablecoins. Whether the deal is successful or not, Ripple has laid the foundation for XRP to become an important part of the next financial phase. If successful, XRP may not just be a part of the system – it could become the system.
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Circle Acquisition Plan: XRP Becomes Global Standard
Ripple and the Ambition to Acquire Circle
Ripple, a digital payment network based on blockchain, is preparing for a major turning point as it intends to acquire Circle, the company behind USDC. This is not just a regular deal. For holders or followers of XRP, this could completely change the game.
Reasons Ripple Wants to Acquire Circle
Ripple’s plan seems to be just a business move. But behind it is a much larger reason. Circle, the company that created USDC, one of the largest stablecoins in the world, holds over 60 billion USD. If Ripple acquires Circle, they will gain access to this asset pool along with strong relationships with banks and regulators, further strengthening RippleNet.
Impact on XRP
Ripple offered $5 billion to acquire Circle but was rejected as Circle deemed the value insufficient. There are rumors that Ripple has raised the offer to $20 billion. This merger could simplify the payment system, enabling quicker currency transfers with fewer steps and lower costs. XRP could play a significant role in connecting cash flows globally, including with Stablecoin.
If the Deal Fails
Even if Circle declines and chooses the public option, this move shows that Ripple wants to have more control over the liquidity of stablecoins. Whether the deal is successful or not, Ripple has laid the foundation for XRP to become an important part of the next financial phase. If successful, XRP may not just be a part of the system – it could become the system.
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to always stay updated with the latest news about the cryptocurrency market and not miss any important information!