Ripple is rumored to have made an offer of $5 billion for the acquisition of Circle, the issuer of the USDC stablecoin, but none of these reports are substantiated with credible evidence or official statements from either of these parties, Ripple or Circle.
Indeed, Ripple is highly determined toward the expansion of its presence in the field of stablecoins. In December 2024, it launched RLUSD, a stablecoin tethered to the U.S. dollar that has the approval of the New York Department of Financial Services. Ripple Chief Executive Officer Brad Garlinghouse stated, “RLUSD was designed to work in complement with XRP, not as a replacement for it, in the goal of providing a stable and efficient solution for digital transactions.”
For now, Circle has focused more on its own ecosystem. First of all, Circle acquired Hashnote in January 2025. Hashnote is the issuer of $1.3 billion tokenized money market fund USYC. Thus, Circle is now provided with assets which allow it to compete for its performance in tokenized asset management. Circle even seals a strategic partnership with DRW to promote the further uptake of USDC and USYC in crypto markets and contests traditional finance.
Considering the proceedings underway, while one cannot deny both these companies’ heavyweight positions in the stablecoin and cryptocurrency space, there isn’t any corroborative evidence for Ripple making an acquisition bid to Circle. In such a fast-paced environment, it is prudent to rely on credible sources for the rightly captured news.
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