Ripple Wants to Acquire Circle for $11 Billion: The USDC War Begins?
Rumors are rampant: Ripple's bid has surged from $5 billion to $11 billion, aiming to swallow Circle and take control of USDC! This could be the boldest acquisition gamble since the FTX collapse.
The question arises—Is this strategic genius, or is there just too much cash burning a hole in their pocket?
Circle is not a soft target, holding $61 billion in market cap USDC, backed by Morgan and Citi, and is pushing for an IPO. While Ripple has deep pockets (holding nearly $100 billion in market cap in Q1), can they win this stablecoin battle?
Interestingly, Coinbase has also set its sights on Circle. The two giants are in a standoff, one controlling the chain, the other controlling the flow. In the end, who can devour this stablecoin cake?
The future of USDC may not lie with Circle, but with whoever can seize the dominant position.
Do you think Ripple is smart or just a gambler? Behind this struggle lies the true reconstruction of the crypto order.
