๐๐ข๐ฉ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ก๐ฎ๐ญ๐ฌ ๐๐จ๐ฐ๐ง $๐๐ ๐๐ข๐ซ๐๐ฅ๐ ๐๐ฎ๐ฒ๐จ๐ฎ๐ญ ๐๐ฎ๐ฆ๐จ๐ซ๐ฌ โ๐ผ
Ripple CEO Brad Garlinghouse has officially denied reports claiming the company attempted to acquire Circle, the issuer of USDC, in a deal said to be worth $4โ$5 billion.
๐ฃ๏ธ "Ripple Never Pursued It"
Speaking live at the Ripple Las Vegas conference, Garlinghouse responded directly during a fireside chat with Georgetown Lawโs Chris Brummer.
โBrad was unequivocal โ Ripple never pursued an acquisition of Circle,โ
posted Brummer on X.
He added that while Garlinghouse wished Circle well, it was never under consideration.
๐ฐ Background: Industry Consolidation Sparks Rumors
Reports suggested Ripple, boosted by XRP reserves and global expansion, might be targeting Circle
A $5B deal would have ranked among the largest in crypto M&A history
Ripple has been actively expanding, especially outside the U.S.
๐ Bottom Line
Ripple is not buying Circle โ despite ongoing industry consolidation and Rippleโs strong financial position.
Rumor: Denied. โ
Circle: Still independent. ๐ข
