Is Ripple in a Stronger Position than Coinbase to Acquire Circle?

Ripple and Coinbase are reportedly both vying to acquire Circle, a financial services company behind the popular stablecoin USDC, with potential offers surpassing $10 billion. Despite Circle reportedly favoring an acquisition by Coinbase due to their collaborative history, some believe Ripple has a stronger chance of winning the bid.

Recent speculation points towards Ripple increasing their offer to $20 billion after an initial bid of $4-$5 billion was supposedly deemed too low by Circle. This competitive acquisition battle highlights Ripple's financial power, demonstrated earlier by their $1.25 billion purchase of prime brokerage Hidden Road.

Ripple's CEO sees the potential acquisition as a unique opportunity to bridge the gap between crypto and traditional markets, which could be transformative for XRP.