XRP Flat At 0.1%: Why Is It Not Moving?
Posted On May 7, 2025
XRP (CRYPTO: XRP) is flat at 0.1%, with commentators discussing how a deal between Ripple and Circle would have impacted the stablecoin landscape.
What Happened: In his X post on May 7, Puckrin discussed how Circle, the issuer of USDC, processes over $25 trillion annually and manages a $61 billion stablecoin market.
Acquiring it would have given Ripple instant scale in the stablecoin arena, bolstering its RLUSD stablecoin and greatly expanded its institutional reach.
The $5 billion bid reportedly fell short as Circle eyes a post-IPO valuation boost, with CEO Jeremy Allaire framing the IPO as a long-term infrastructure play, not an …
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