#StablecoinPayments In a move that has drawn widespread attention across the crypto industry, Ripple—the company behind XRP—has reportedly made an acquisition offer for Circle, the issuer of the USDC stablecoin. This isn’t just routine merger talk; it’s a major strategic maneuver.

Ripple has been steadily expanding its influence. In late 2024, it launched a new stablecoin called RLUSD. While RLUSD has already reached a market cap of $316.9 million, that’s still modest compared to USDC’s $61.7 billion dominance. Ripple clearly understands the need to scale quickly to boost its presence in the market.