Ripple CEO Brad Garlinghouse denied reports of a $5 billion Circle bid, clarifying no acquisition plans were ever considered.
Ripple is positioning RLUSD as on-ledger collateral, aiming to record transactions on the XRP Ledger for broader blockchain infrastructure use.
Talks with the UAE over tokenized real estate show Ripple’s focus on hybrid models where blockchain and traditional finance coexist.
Brad Garlinghouse, CEO of Ripple, denied reports that Ripple offered between $4-5 billion to acquire Circle, the issuer of the USDC stablecoin, during a public talk at the recent XRP Las Vegas conference.
Garlinghouse Refutes Acquisition Claims at XRP Las Vegas
During the XRP Las Vegas conference, fintech policy expert Chris Brummer recapped his fireside chat with Brad Garlinghouse in a post on X. Brummer stated that Garlinghouse was “unequivocal” in denying any acquisition efforts toward Circle. While one response suggested Ripple might have floated a different offer, Garlinghouse’s central message was clear—there was no acquisition being considered.
Garlinghouse expressed goodwill towards Circle but maintained that no deal was pursued. This contradicts earlier reports alleging a multi-billion dollar offer. The clarification adds context to Ripple’s actual acquisition strategy, which appears more focused on infrastructure and integration rather than headline-grabbing takeovers.
Ripple Advances Infrastructure Vision with RLUSD and Hidden Road
Ripple’s acquisition of Hidden Road, a digital prime brokerage, aligns with a broader infrastructure-driven strategy. According to Brummer, Garlinghouse positioned Ripple’s RLUSD not merely as a stablecoin, but as a form of on-ledger collateral. Transactions involving RLUSD are set to be recorded on the XRP Ledger, reflecting Ripple’s push towards foundational use cases in the blockchain space.
Ripple is not taking direct aim at traditional finance, instead it is moving toward hybridization. By merging tokenized assets and blockchain solutions with existing systems in finance, Ripple is laying the groundwork for future interoperability. Includes looking at partnerships where tokenization is being actively explored.
UAE Talks and Broader Industry Outlook
Ripple is currently in dialogue with entities in the UAE on tokenized real estate projects. As Brummer noted, some regions have already moved beyond theory, applying blockchain technology to prime asset classes. These developments point to Ripple’s efforts to become a key player in global tokenization.
Garlinghouse also addressed the value of unity within the crypto industry. He remarked on the damage caused by public conflicts between networks. Ripple’s symbolic donation of the “Satoshi skull” was presented not as a marketing gesture, but as an effort toward diplomacy and collaboration.
Ripple’s direction signals a shift. Future acquisitions may focus on fiat-on ramps, payment processors, and key financial infrastructure rather than traditional crypto tools.
The post Ripple CEO Denies $5B Circle Bid, Emphasizes Strategic Infrastructure Focus appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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· 06-04 13:36
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Ripple CEO Denies $5B Circle Bid, Emphasizes Strategic Infrastructure Focus
Ripple CEO Brad Garlinghouse denied reports of a $5 billion Circle bid, clarifying no acquisition plans were ever considered.
Ripple is positioning RLUSD as on-ledger collateral, aiming to record transactions on the XRP Ledger for broader blockchain infrastructure use.
Talks with the UAE over tokenized real estate show Ripple’s focus on hybrid models where blockchain and traditional finance coexist.
Brad Garlinghouse, CEO of Ripple, denied reports that Ripple offered between $4-5 billion to acquire Circle, the issuer of the USDC stablecoin, during a public talk at the recent XRP Las Vegas conference.
Garlinghouse Refutes Acquisition Claims at XRP Las Vegas
During the XRP Las Vegas conference, fintech policy expert Chris Brummer recapped his fireside chat with Brad Garlinghouse in a post on X. Brummer stated that Garlinghouse was “unequivocal” in denying any acquisition efforts toward Circle. While one response suggested Ripple might have floated a different offer, Garlinghouse’s central message was clear—there was no acquisition being considered.
Garlinghouse expressed goodwill towards Circle but maintained that no deal was pursued. This contradicts earlier reports alleging a multi-billion dollar offer. The clarification adds context to Ripple’s actual acquisition strategy, which appears more focused on infrastructure and integration rather than headline-grabbing takeovers.
Ripple Advances Infrastructure Vision with RLUSD and Hidden Road
Ripple’s acquisition of Hidden Road, a digital prime brokerage, aligns with a broader infrastructure-driven strategy. According to Brummer, Garlinghouse positioned Ripple’s RLUSD not merely as a stablecoin, but as a form of on-ledger collateral. Transactions involving RLUSD are set to be recorded on the XRP Ledger, reflecting Ripple’s push towards foundational use cases in the blockchain space.
Ripple is not taking direct aim at traditional finance, instead it is moving toward hybridization. By merging tokenized assets and blockchain solutions with existing systems in finance, Ripple is laying the groundwork for future interoperability. Includes looking at partnerships where tokenization is being actively explored.
UAE Talks and Broader Industry Outlook
Ripple is currently in dialogue with entities in the UAE on tokenized real estate projects. As Brummer noted, some regions have already moved beyond theory, applying blockchain technology to prime asset classes. These developments point to Ripple’s efforts to become a key player in global tokenization.
Garlinghouse also addressed the value of unity within the crypto industry. He remarked on the damage caused by public conflicts between networks. Ripple’s symbolic donation of the “Satoshi skull” was presented not as a marketing gesture, but as an effort toward diplomacy and collaboration.
Ripple’s direction signals a shift. Future acquisitions may focus on fiat-on ramps, payment processors, and key financial infrastructure rather than traditional crypto tools.
The post Ripple CEO Denies $5B Circle Bid, Emphasizes Strategic Infrastructure Focus appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.