Ripple’s Potential Circle Acquisition Could Shift Power in Stablecoins—and Sideline XRP

Ripple is pushing to acquire Circle, the issuer of the USDC stablecoin, with a new proposed offer reaching up to $11 billion. However, the community is concerned that this deal could lead to negative consequences, from market panic to undermining XRP’s role. So why is Ripple determined to buy Circle, and what does this mean for the crypto market? Why is Ripple Acquiring Circle? Ripple, the company behind XRP, has long positioned itself as a solution for cross-border payments, aiming to replace traditional systems like SWIFT. However, the rapid rise of stablecoins, including USDC, and their promising future have overshadowed XRP’s role source: https://beincrypto.com/ripple-circle-acquisition-xrp-usdc-debate/