Ripple CEO Brad Garlinghouse has refuted claims of attempting to acquire Circle for $5 billion, dispelling weeks of speculation. Speaking at the XRP Las Vegas event, Garlinghouse clarified that Ripple never pursued an acquisition of Circle. This contradicts reports of a $20 billion offer and challenges the idea of Ripple dominating the stablecoin market. Meanwhile, Circle filed for an IPO, emphasizing regulatory transparency. Garlinghouse's remarks eased concerns of XRP being sidelined by USDC. The XRP price rose by 3% post-announcement, making it the best-performing asset among the top 18 cryptos. Garlinghouse also criticized crypto infighting, highlighting Ripple's hybrid approach to traditional finance. The event showcased Ripple's commitment to collaboration rather than competition in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

#XRP #USDC