Ripple CEO, Brad Garlinghouse, has refuted claims about the company's supposed acquisition of stablecoin issuer Circle, stating that Ripple never pursued a buyout of Circle.
Internal sources previously hinted at informal talks between Circle and Ripple, as well as Coinbase, regarding a potential acquisition deal.
Ripple is focusing on strengthening its RLUSD stablecoin and integrating it within the XRP Ledger through the recent acquisition of Hidden Road, indicating a strategic move towards on-ledger collateral utilization.
Ripple's interest in merging the cryptocurrency sector with traditional finance is evident through engagements like tokenized real estate in the UAE and interactions with regulatory bodies, reflecting the company's vision of a hybridized future for crypto and traditional financial institutions.