$USDC Ongoing Utility and Market Strategy Behind XRP Movements

The trend of these scheduled XRP unlocks has remained consistent over the years. Ripple uses some released tokens to support exchange liquidity and cover its operational expenses.

It is worth mentioning that a portion of the XRP is allocated to Ripple Payments, the company’s cross-border payments network. Through this process, the coins are also provided to institutional partners to support transactions and integrations.

Still, this month’s release is not tied to any new partnership announcements or utility rollouts. However, its timing and pattern have caught attention. As Ripple continues to grow its presence in the crypto and payment infrastructure space, these decisions will likely influence how investors perceive XRP’s long-term value.

In related news, there were reports that Ripple had raised its offer to acquire Circle, the company behind USDC. The new rumored bid is from $20 billion, up from the initial $5 billion. However, members of the XRP community have firmly denied the claim, calling it false and criticizing the media outlets that spread the rumor

Coinspeaker noted that while commenting on the rumor, pro-XRP lawyer John E. Deaton expressed his anticipation for Ripple acquiring Circle and becoming a bank should the deal go through.

Amid the escrow update, the market’s bearish shift is yet to clear. CoinMarketCap data shows that the fourth-largest cryptocurrency, XRP, is trading at $2.20, down by 0.31% in the past 24 hours.