You Won’t Believe How Much Ripple Will Pay for Circle. Spoiler: It’s Bananas

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So, Ripple’s got its eyes on Circle—the proud parent of USDC, bless them—and honestly, this crypto gossip is juicier than brunch mimosas. 🥂 Enter John Deaton: legal sage, XRP cheerleader, and a man who’s absolutely not here for boring headlines. He’s basically parachuted into the chat with “key context” (yes, darling, he gets paid for that).

Initially, Ripple slid a cool $5 billion offer across the table—just to see how it felt, you know? But wait, like every dating show ever, sources say that number bloomed up to $20 billion. Honestly, at this point, I’d expect an NFT of a mooning dog as part of the deal. Bidding wars are apparently ongoing, because neither side wants to be the first one to blink. Or maybe they’re just really bad at email.

Now, Circle’s got bigger plans than being someone’s stablecoin side piece: they want to IPO. Yup, filed their S-1 with the SEC on April Fools’ Day. Not sure if that’s bold or just deeply British. They’ll be “CRCL” on the NYSE, which sounds like a Vogue typo. With JPMorgan and Citigroup waving their glittery IPO wands, Circle’s thinking…$4 to $5 billion? Cute! It matches Ripple’s opening bid and your average Silicon Valley lunch tab.

But apparently Circle’s got standards. That first bid? Swipe left. Remember 2022’s $9 billion SPAC dream that ghosted them at the altar? 🎩💔 Nothing like a little financial heartbreak to boost your self-worth, right?

Here’s where it gets fun: Crypto regulation in the US is finally chilling out, and there’s even a law called the STABLE GENIUS Act (oh please). So, Circle’s got this fantasy the market will finally realize their true value, like the last five minutes of every Netflix rom-com. Maybe they’re right, maybe they’ve had too much kombucha.

Ripple’s clearly not taking the hint. USDC is the second-hottest stablecoin after Tether’s USDT (it’s basically the Mariah Carey to Tether’s Celine Dion). Buying Circle would give Ripple bragging rights and a stablecoin so big it could probably run for Congress. Speaking of, Ripple already snuck their own RLUSD into the party, and look! $317 million in market cap—that’s not nothing, but also not yacht money. 🚤

Wild prediction: Analysts say the global stablecoin market could reach $2.8 trillion in five years. That’s a lot of fake internet money—or maybe next year’s Taylor Swift tour budget. Between regulation easing and stablecoins suddenly being everyone’s BFF, Ripple’s clearly in it for the long haul. Circle? They’re just busy playing hard to get. 💅

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2025-05-02 18:35