Ripple CEO Brad Garlinghouse has dismissed claims that the corporate sought to amass stablecoin issuer Circle, placing an finish to weeks of hypothesis.
Key Takeaways:
- Ripple CEO Brad Garlinghouse denied rumors of a $10–$20 billion bid to amass Circle.
- Circle stays targeted on its IPO plans and dismissed acquisition hypothesis.
- Ripple is advancing real-world tokenization tasks, together with Dubai’s actual property initiative on XRPL.
Talking on the XRP Las Vegas convention, Garlinghouse addressed the extensively circulated rumors throughout a hearth chat with fintech coverage professional Chris Brummer.
Brummer later summarized the dialogue in a submit on X, noting that the Ripple chief “refuted” the concept that Ripple ever made a $10 to $20 billion bid for Circle.
Ripple’s Alleged $5B Circle Bid First Surfaced in April
Rumors of a doable acquisition first surfaced in April, with experiences suggesting Ripple had initially supplied between $4 billion and $5 billion.
Some retailers later claimed the supply was raised to as excessive as $20 billion. Garlinghouse didn’t affirm whether or not an preliminary supply was made however made clear that Ripple was not pursuing an outright takeover.
Circle additionally moved to quash the hypothesis, stating that it stays targeted on long-term aims.
The corporate has since filed for an preliminary public providing on the New York Inventory Change, planning to supply 24 million shares priced between $24 and $26.
Past the acquisition rumors, Garlinghouse offered insights on a number of key initiatives throughout the convention.
Ripple’s acquisition of prime brokerage agency Hidden Highway was a subject of debate.
In line with Brummer, the deal underscores Ripple’s ambition to place its RLUSD token as an on-ledger collateral asset.
48 hours in the past I joined @bgarlinghouse on stage in Las Vegas to get his ideas on the way forward for @Ripple. Whereas the session wasn’t broadcast stay, I discovered his remarks fairly attention-grabbing, and price a tweet.
Fast overview/takeaways:
· Brad was unequivocal that Ripple didn't pursue… pic.twitter.com/6a3lI8DZZj— Chris Brummer (@ChrisBrummerDr) June 3, 2025
Hidden Highway is anticipated to combine RLUSD into its providers, a transfer Garlinghouse described as a part of a broader “infrastructural” technique geared toward strengthening the crypto ecosystem.
Garlinghouse additionally highlighted the rising function of tokenization in real-world functions. He pointed to Dubai’s choice to make use of the XRP Ledger (XRPL) for an actual property tokenization challenge.
In partnership with the Dubai Land Division, Ctrl Alt, the Dubai Future Basis, and the Digital Belongings Regulatory Authority, the initiative will subject tokenized property title deeds on XRPL.
The Ripple CEO referred to as the challenge an instance of tokenization transferring from idea to sensible implementation.
Ripple CEO Asks for Unity Inside Crypto
Lastly, Garlinghouse urged better unity inside the crypto business.
He referenced Ripple’s donation of the “Cranium of Satoshi” to the Bitcoin group as a gesture geared toward fostering collaboration.
He warned that ongoing conflicts between crypto factions solely serve to hinder the business’s progress.
As reported, the publicly listed power firm VivoPower is investing $121 million in XRP as a strategic reserve, making it the primary firm on this planet with an XRP-focused treasury.
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