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Ripple negotiates a 20 billion USD deal with Circle?
The cryptocurrency market is buzzing with rumors that Ripple [XRP] is targeting Circle, the company behind the USDC stablecoin. Market analysts have called this a “power move” and it’s easy to see why.
Ripple’s proposal is not only bold but also strategic
Ripple’s proposal of 5 billion USD to Circle may just be the beginning. As negotiations heat up, there are rumors that Ripple could raise the offer to 20 billion USD.
Why the rush? Since the “boom cycle” of the cryptocurrency market in 2020, Bitcoin has surged over 700%, but the real surprise lies in stablecoins.
The market capitalization of stablecoins has exploded from 60 billion USD to 243 billion USD, an increase of over 300%. This highlights the increasing acceptance of stablecoins in global finance.
Ripple clearly wants to participate. They launched RLUSD in December 2024, and although it has grown to 316.94 million USD, acquiring Circle will boost this.
According to TinTucBitcoin, combining RLUSD with the massive market capitalization of 61.54 billion USD of USDC will immediately turn Ripple into a powerhouse in the stablecoin sector.
This will help Ripple integrate the power of USDC into the XRP Ledger, increasing liquidity for XRP, enhancing institutional adoption, and providing a greater position for Ripple in the global financial arena.
Competitive pressure on Tether (USDT)
With a market capitalization of 150 billion USD, USDT accounts for 69% of the stablecoin market – a giant in this space. Its dominance is unmatched. But how did it achieve this success?
Simply put: It is a pioneer. Launched in 2014, Tether is the first stablecoin to truly establish a position. It provides the simplest way for traders to enter and exit the volatility of cryptocurrencies without having to cash out.
USDC and RLUSD can be strong contenders when standing alone, but when facing USDT? A tough match. Unless they collaborate together.
Perhaps that is exactly Circle’s intention, making Ripple’s proposal even more strategically significant than imagined.
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