<ul><li>Ripple has increased its offer to acquire Circle, the company behind the $61 billion USDC stablecoin, to $11 billion, making it one of the largest transactions in crypto history.</li><li>Ripple's deep XRP reserves provide financial leverage for pursuing transformative deals like the Circle acquisition.</li><li>Speculation indicates that Coinbase may also enter the race with $8 billion in cash reserves as a formidable competitor.</li><li>Circle, with its significant USDC adoption, is at the center of acquisition rumors, potentially reshaping the stablecoin market if it entertains offers from either Ripple or Coinbase.</li></ul>

Ripple raises offer for Circle as stablecoin race intensifies

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