Ripple Eyes $11B Circle Takeover As XRP Faces Whale Shorts And Market Doubts
Ripple (CRYPTO: XRP) is trading at $2.43. With a 2.31% weekly decline, XRP still maintained a 16.03% monthly growth. The price action comes as Ripple is considering a $11 billion acquisition offer for Circle, the issuer of the USDC stablecoin, which can revolutionize the stablecoin and cross-border payments landscape.
The takeover can solidify Ripple’s control of the digital finance market, but it may be a sign of a deeper strategic shift away from XRP. Ripple’s aggressive push into stablecoins through Circle shows that it’s shifting towards assets with more institutional appeal and less price volatility than XRP. Ripple introduced its own stablecoin, RLUSD, which has a relatively small footprint compared to USDC.
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Owning Circle would …
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