EddieJayonCrypto
3 Jun 25
Ripple CEO Brad Garlinghouse denied reports that Ripple made a $4-5 billion bid to acquire Circle, stating the company never pursued such an acquisition and views Circle as outside Ripple’s current plans. The rumor followed reports that Circle rejected Ripple’s offer as too low. Garlinghouse also di...
Ripple CEO Brad Garlinghouse firmly denied rumors claiming Ripple made a $5 billion bid to acquire Circle, clarifying that the company never pursued such an acquisition and considers Circle beyond its current plans.He revealed Ripple’s strategic vision for its upcoming RLUSD stablecoin to function as on-ledger collateral on the XRP Ledger. This move aligns with Ripple’s broader mission to integrate traditional finance systems with tokenized assets, enhancing market infrastructure. A concrete example includes Ripple's recent acquisition of the prime-brokerage platform Hidden Road.Garlinghouse highlighted Ripple’s ongoing collaboration with United Arab Emirates officials on real-estate tokenization pilots, showcasing Ripple’s forward-thinking approach to asset digitization amid evolving global markets.Stressing industry unity, he urged crypto companies to avoid public disputes that could harm credibility, illustrating with Ripple’s donation of the “Satoshi skull” artifact as a symbol of inter-network diplomacy.Garlinghouse also touched upon regulatory challenges, recounting varied staff engagements during Ripple’s extended litigation with the SEC. His insights underscore the personal stakes involved and envision a hybrid future where tokenized assets, stablecoins, and traditional banks interoperate on connected platforms.