Ripple CEO Denies $5B Bid to Buy Circle — Is the Crypto World Just Spinning Its Wheels? 🤔💸

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Ripple CEO Denies $5 Billion Bid to Buy Circle — Is the Crypto World Just Spinning Its Wheels? 🤔💸

Ripple’s big boss, Brad Garlinghouse, steps up and says, “Nope, not us, never wanted to buy Circle for $5 billion.” Looks like the gossip train has run out of steam, folks. For weeks, everyone was whispering about Ripple swooping in with their checkbook, ready to snatch up the folks at USDC. But as it turns out, it was all just Hollywood gossip—a good story, but a bad investment. 🚀

With this stance, the crypto industry can finally take a breather, maybe even stop guessing which company will be the next to get bought out. (Spoiler: probably nobody — because that’s how crypto works, right?)

Ripple Boss Shoots Down Acquisition Rumors… Again

At the XRP Las Vegas bash, our good friend Garlinghouse was all business, standing alongside Georgetown Law professor Chris Brummer. The question on everyone’s mind: “Did Ripple really try to buy Circle?”

“…the company [Ripple] never pursued an acquisition of fellow stablecoin issuer Circle,” he said, as confidently as someone denying they took the last slice of pizza at a party.

Brummer, acting like the crypto news detective, shared that Garlinghouse’s statement was crystal clear—there was no buyout on the table, not even at a bargain basement price.

“Brad was unequivocal that Ripple didn’t pursue an acquisition of Circle,” Brummer said, sounding about as convinced as a cat chasing a laser pointer.

A heartfelt thank you from @bgarlinghouse to the $XRP Family. #xrplasvegas2025

— Subjective Views (@subjectiveviews) May 31, 2025

One brave soul in the crowd thought maybe Ripple just lowballed with a $10 billion offer, but Brummer calmed everyone down, saying Ripple “wasn’t even interested.” Looks like rumors are just hot air—kind of like that balloon you try to blow up last summer.

“Perhaps Ripple floated an offer at another price point. Perhaps! Whatever the case, his main point was clear: he wasn’t considering any acquisition,” Brummer summed up, like a judge delivering the verdict.

This all throws a wrench into the recent gossip mill. Remember, just a month ago, BeInCrypto talked about a $20 billion bid for Circle. But hey, no proof, no deal, right? It’s all just rumors swirling around faster than bad coffee in a crypto office.

The hype intensified as Ripple dabbled into stablecoins—reporting the approval of RLUSD, a US dollar-backed stablecoin, from the New York regulators. This new coin is meant to run on XRP Ledger and Ethereum, and judging by some folks’ dreams, Ripple might want the whole stablecoin throne. Or maybe just to scare the USDC out of the room with a big, loud “Nope!”

“Ripple’s acquisition of Hidden Road hints at deeper ambitions,” Brummer added, as if he’s uncovering secret plans behind the crypto curtain.

RLUSD: Ripple’s Stablecoin Sidekick or Future King?

According to Brummer, RLUSD isn’t being aimed at stomping USDC but is more like a foundation for all that fancy tokenized finance stuff. It’s like Ripple’s version of building a Lego castle, one block at a time—on-chain collateral and all that jazz.

“Ripple is positioning it [RLUSD] as on-ledger collateral, with transactions to be memorialized on the XRP Ledger,” Brummer explained, sounding like a guy who’s read too many whitepapers.

Meanwhile, Circle is off doing its own thing, preparing to go public with an IPO, filing with the SEC. Smart move—nothing screams “long-term independence” like a big shot on Wall Street, huh?

People worried that a Ripple–Circle marriage could sideline XRP are probably just paranoid. Garlinghouse’s words seem to put those concerns to bed—or at least, behind a soggy pillow.

Since the denial, XRP’s price has ticked up nearly 3%, now floating at around $2.25—probably celebrating the news with a little dance in the whale’s tank.

Ripple CEO Brad Garlinghouse smiling confidently

Back at XRP Las Vegas, Garlinghouse threw in a dig at the crypto infighting, calling Ripple’s gift of the “Satoshi skull” a “diplomatic gesture”—a joke, but it got a chuckle. Or a gasp. Or a confused stare. 😊

“I walked away with a sense that Ripple isn’t chasing a world where crypto replaces TradFi… [but] one where the two are hybridized,” Brummer concluded, sounding like a guy trying to sound deep while sipping his coffee.

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2025-06-04 13:41