USDC

In a surprising move within the Web3 market, Ripple Labs made an offer to acquire Circle Internet Financial, one of the largest stablecoin issuers globally. According to anonymous sources cited by Bloomberg, the deal was valued between $4 billion and $5 billion.

This offer has sparked considerable debate within the crypto community, with analysts suggesting that Ripple’s intentions might go beyond simply eliminating a competitor. Many believe it could be part of a larger, more strategic move to strengthen Ripple’s position within both the crypto and stablecoin markets.
Upon closer examination, it seems Ripple’s potential acquisition of Circle could reveal a broader ambition to solidify its influence in the financial infrastructure of the Web3 ecosystem. This situation certainly raises questions about Ripple’s future direction and its long-term goals within the rapidly evolving crypto space.
An Offer Circle Could Definitely Refuse
Circle is now on the cusp of launching its initial public offering, having already filed with the U.S. Securities and Exchange Commission (SEC) to list its Class A shares on the NYSE. This marks a significant step for Circle, though it isn’t the company’s first attempt at going public. In 2022, Circle tried to go public via a SPAC deal valued at up to $9 billion, but the deal ultimately fell through.
In the past three years, Circle has seen explosive growth. Its flagship product, USDC, now boasts a market capitalization exceeding $60 billion – nearly three times its value in 2022. The company has also diversified its offerings with products like EURC, USYC, and payment APIs, expanded its licensing across multiple jurisdictions, and strengthened key partnerships with major players such as Coinbase, Binance, Visa, and MoneyGram.
Given Circle’s remarkable growth and increasing prominence, an offer of $5 billion now seems undervalued. Following Bloomberg’s initial report on the acquisition attempt, rumors surfaced suggesting Ripple CEO Brad Garlinghouse had raised the bid to $20 billion, though these claims were quickly debunked. A fake screenshot also circulated, allegedly showing Ripple Labs CTO David Schwartz announcing a $6 billion offer, but no credible evidence was found to support this statement.
Why Does Ripple Need Circle?
Ripple has been a major player in the crypto industry since the mid-2010s, initially growing by offering online payment solutions to banks and financial institutions. This helped make the XRP Ledger one of the world’s largest financial networks. However, recent developments suggest that Ripple may not be entirely satisfied with the pace of growth within this space, leading the company to explore new avenues.

With ample financial resources and influence, Ripple seems to have moved away from relying solely on organic growth, instead looking to scale through mergers and acquisitions. According to Forbes, Ripple may be shifting its strategy in this direction, focusing on expanding its presence by acquiring other companies rather than solely relying on internal growth.
Over the past few years, Ripple has made several acquisitions in both the crypto and traditional finance sectors. Among the most notable are Metaco and Hidden Road, which have enabled Ripple to diversify into custody and brokerage services, providing access to traditional liquidity and better integration with conventional financial markets.
One of Ripple’s more ambitious new ventures is its stablecoin, RLUSD. Launched in December 2024, RLUSD is a U.S. dollar-backed stablecoin supported by fiat reserves and U.S. Treasury bonds. It is designed to operate on both the XRP Ledger and the Ethereum network, enhancing its utility. However, with a market capitalization of just $317 million, RLUSD is far behind industry giants like USDC ($61 billion) and USDT ($149 billion).
While Ripple considers RLUSD’s launch a success, its slower adoption rate may not align with the company’s broader goals. As competition for institutional clients intensifies, crypto lawyer Bill Morgan suggests that the slow growth of RLUSD might be part of a broader strategy, potentially designed to facilitate an acquisition of Circle. Morgan posits that Ripple’s focus on gradually growing RLUSD could be the catalyst for the company’s recent efforts to acquire Circle.
Circle Doesn’t Need Ripple to Continue Its Growth
Despite challenges in 2022 and 2023, Circle has become one of the strongest Web3 companies worldwide, bolstering its position with solid financial performance. In its SEC S-1 filing, Circle revealed it generated $1.68 billion in revenue for 2024, with 99% of that income derived from interest on reserves, primarily composed of U.S. Treasury securities and repo agreements. While revenue dropped from $267.6 million in 2023 to $155.7 million, Circle has remained profitable for two consecutive years.
The company also reported a positive operating cash flow of $344.6 million and assets under management of $45.8 billion by year-end. In its IPO filing, Circle detailed a growth strategy aimed at diversifying its product offerings, expanding licenses globally, and strengthening partnerships with key players like Coinbase, Binance, Visa, and MoneyGram.
CEO Jeremy Allaire has consistently highlighted Circle’s advancements in product development, including the cross-chain transfer protocol (CCTP) and the growing adoption of EURC. Circle’s financials and strategic initiatives demonstrate its commitment to strengthening its market position. 
Rejecting Ripple’s acquisition offer aligns with this vision, as Circle is focused on enhancing its infrastructure and solidifying its role in the rapidly evolving digital finance landscape. Rather than merging with a competitor, Circle aims to expand its influence and lead the next phase of Web3 development.
The Bottom Line
Ripple’s interest in acquiring Circle aligns with its goal to lead the digital payments and assets sector. Circle is not just the issuer of USDC but also holds a significant position in the digital currency space, with a solid client base, international licenses, and strong regulatory ties. For Ripple, acquiring Circle could enhance its competitive edge in the market.
Acquiring Circle would boost Ripple’s role as a global provider of settlement infrastructure. With USDC’s $60 billion market cap and over $25 trillion in transaction volume, Ripple would gain access to Circle’s fintech integrations and technology, expanding its presence in digital payments and enhancing its ability to compete with other blockchain leaders.
However, such a major merger is complex and comes with no guarantee of success. Mergers often involve lengthy negotiations, especially in billion-dollar deals, and face intense regulatory scrutiny from U.S. and EU authorities. A failed example is Galaxy Digital’s attempt to acquire BitGo for $1.2 billion, which collapsed after nearly two years of talks.
Ripple’s pursuit of Circle appears to be part of a larger strategy to control key infrastructure in the crypto market. This acquisition could be a vital step in securing Ripple’s dominance in the rapidly growing digital currency ecosystem.
#Ripple #Circle #USDC
$USDC $XRP

Binance ရဲ့ 69 ခုမြောက် Launchpool လာပါပြီ။ ဒီတခါမှာတော့ Decentralized data warehouse ဖြစ်တဲ့ Space and Time project ကို မိတ်ဆက်လာတာဖြစ်ပြီး warehouse ဆိုတဲ့အတိုင်း smart contract တွေ၊ AI model တွေနဲ့ စီးပွားရေးလုပ်ငန်းတွေအတွက် blockchain data တွေ နဲ့ blockchain မဟုတ်တဲ့ off-chain data တွေကို သိမ်းဆည်းပေးတာ၊ bridge လုပ်ပေးတာတွေကို ဝန်ဆောင်မှုပေးမှာပါ။
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SXT ဖက်က support ပေးထားတဲ့ blockchain တွေထဲမှာ Ethereum၊ Bitcoin၊ Polygon တို့လို သက်တမ်းရင့် blockchain တွေအပြင် နောက်ပေါက် blockchain တွေဖြစ်တဲ့ Sui၊ Sei နဲ့ Aptos တို့လို blockchain တွေပါ ပါဝင်ပါတယ်။
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SXTဟာ on-chain အနေနဲ့ရော၊ off-chain အနေနဲ့ပါ လည်ပတ်တာကြောင့် data အကြီးစားတွေကို off-chain ယူ၊ process လုပ်ပြီး on-chain နဲ့ပြန်ချိတ်ဆက်ပေးနိုင်လို့ မြန်မြန်တန်တန်ဖြစ်စေမှာပါ။
SXT ရဲ့ funding အနေနဲ့ကတော့ $50 million အထိရှိပြီး Microsoft၊ Chainlink၊ Polygon တို့အပါအဝင် နည်းပညာလုပ်ငန်းစုကြီးတွေဖက်က ရင်းနှီးမြှုပ်နှံမှုတွေရထားပါတယ်။
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SXT ကတော့ Space and Time ရဲ့ native token ဖြစ်ပြီး gas fees တွေ၊ staking တွေနဲ့ delegation reward တွေအတွက် အသုံးပြုပါတယ်။ SXT token မှာ တန်ဖိုးကျသွားတာကို လျှော့ချနိုင်ဖို့အတွက် deflation mechanism လည်းပါဝင်ပြီးတော့ fees အဖြစ်ပေးလိုက်တဲ့ SXT token အချို့ကို burn သွားမှာပါ။
SXT ရဲ့ total supply ကတော့ 5 billion ရှိပြီး Binance မှာ list ပြီးနောက် circulating supply ကတော့ 125 million ရှိလာမှာဖြစ်ပါတယ်။
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Launchpool တွေဟာ BNB holder တွေအတွက် အဓိကရည်ရွယ်တာဖြစ်လို့ BNB pool ထဲမှာ 25,500,000 INIT အထိ ပါဝင်ပြီး FDUSD pool ထဲမှာတော့ 1,500,000 INIT နဲ့ USDC pool ထဲမှာတော့ 3,000,000 INIT စီ အသီးသီးပါဝင်ပါတယ်။
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ဒါကြောင့် BNB တွေ stake ပြီး farm ရင် BNB ပမာဏများရင်များသလို တနာရီကို 106,250,000 SXT အထိ အများဆုံးရနိုင်မှာဖြစ်ပြီး FDUSD နဲ့ farm ရင်တော့ တနာရီကို 6,250,000 SXT နဲ့ USDC နဲ့ farm ရင်တော့ 12,500,000 SXT အထိ အများဆုံးရနိုင်ပါတယ်။ May လ 6 ရက်နေ့ မနက် 6 နာရီခွဲကနေ May လ 8 ရက်နေ့ မနက် 6 နာရီခွဲအထိ farm လို့ရနိုင်မှာဖြစ်ပြီး May လ 8 ရက်နေ့ ညနေ 7 နာရီခွဲမှာတော့ Binance Spot ထဲမှာ SXT ကို စတင် trade လို့ရနိုင်မှာပါ။
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SXT ဟာ funding အနေနဲ့ ကြည့်မယ်ဆိုရင်လည်း တောင့်တင်းသလို Microsoft လို နည်းပညာလုပ်ငန်းစုကြီးကပါ ပါဝင်ရင်းနှီးမြှပ်နှံထားတာကြောင့် စောင့်ကြည့်သင့်တဲ့ project တခုဖြစ်လာနိုင်ပါတယ်။
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#BinanceLaunchPool🔥 #BinanceSquareFamily #bnb #USDC #fdusd