Charles Hoskinson supports Ripple’s potential acquisition of Circle, dismisses antitrust concerns

During a YouTube AMA on Sunday, Cardano founder Charles Hoskinson expressed support for Ripple acquiring Circle, stating the deal could improve the crypto ecosystem.

He criticized the dominance of the "Coinbase–a16z–Circle alliance" and believes Ripple could break the current monopoly and bring more diversity to the stablecoin market. Hoskinson also emphasized that Ripple would be a "better custodian" than Circle.

Ripple reportedly offered $5 billion to acquire Circle but was rejected. Hoskinson mentioned rumors that Ripple may raise the offer to $11 billion. Meanwhile, Circle is still moving forward with its IPO despite ongoing acquisition speculation.