Hey guys!
I want to tell you about an interesting story that is unfolding in the crypto world and concerns Ripple and its XRP token. Recently, there have been rumors that Ripple may buy Circle, the company that produces the USDC stablecoin. The deal is being discussed for an alleged $5 billion. This is about the same amount as Circle wanted to receive from the IPO (public offering of shares), which may not take place now.
The interesting thing is that Circle and Ripple are in two different but overlapping worlds: Circle relies on stability through stablecoins, while Ripple relies on cross—border payments through XRP. If Ripple really buys Circle, it could be a powerful step: they will not only strengthen their influence in the payment infrastructure, but also receive a key asset — the USDC stablecoin, which is very interesting to institutional investors.
One analyst under the nickname Kate Yang Joo (in fact, this is the alt account of the well-known in the crypto environment, Ki Yang Joo, the founder of CryptoQuant) said that XRP is similar to professional capital, albeit with its drawbacks. He hints that if Circle is bought, investors who were waiting for the company to go public may simply invest in XRP if the IPO deal does not take place.
In fact, if Ripple teams up with Circle, XRP could get an extra boost from all this interest. But here's the catch: if the deal turns out to be disappointing or is perceived as a signal of problems, the opposite effect is possible — a mass flight of investors.
And so I sit and think: Is this the way for XRP to finally become a truly major player, or is it a risky move that could turn into losses?
Do you think if Ripple really buys Circle, will it lead XRP to growth, or vice versa, will it scare off investors?
