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Ripple CEO Goes “Unequivocal” on $10 Billion Circle Buyout Denial As Focus Shifts to RLUSD Dominance

  • 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.

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