Ripple's billion-dollar preparation: "If it happens, the route will turn to XRP"

robot
Abstract generation in progress

According to Ki Young Ju, CEO of blockchain data analysis company CryptoQuant, if Ripple buys Circle, the company behind USDC as rumored, it will be a very positive development for XRP. Ju suggested that XRP could attract a significant portion of interest in the stablecoin market as a result.

The CEO of CryptoQuant, who said "XRP gives me the atmosphere of the 'professionals league' in capital markets," pointed out that there are many investors eager to invest in the future of stable coins, stating, "These investors waiting for Circle's IPO may shift their focus to XRP if such a purchase occurs." Ju also added that he does not have an XRP investment.

Bloomberg reported that last month Ripple made an offer of 4 to 5 billion dollars to buy Circle, which Circle rejected as too low. While it is alleged that negotiations are still ongoing, it has been claimed that another company is also interested in acquiring Circle, and that this company is the US-based cryptocurrency exchange Coinbase.

Ripple recently acquired the brokerage firm Hidden Road for 1.25 billion dollars. Coinbase, on the other hand, had recently added the crypto options exchange Deribit to its portfolio for 2.9 billion dollars.

With a circulating supply of 60 billion USD, Circle's USDC is positioned as the second largest stablecoin after USDT.

Published: May 21, 2025 16:38

XRP0.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)