Altcoins News
By Julie Binoche
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The battle to acquire Circle, the issuer of the second-largest stablecoin USDC, has taken a dramatic turn as Ripple reportedly escalates its bid to outpace Coinbase with an offer…
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According to a recent report by Fortune, Ripple is attempting to outmaneuver Coinbase in what appears to be an informal but escalating bidding war for Circle.
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Earlier this year, Ripple reportedly submitted an offer in the range of $4 billion to $5 billion for Circle.
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While Coinbase was initially seen as the frontrunner due to its longstanding relationship with Circle, Ripple is now said to be preparing a much more aggressive proposal.
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Ripple’s financial position gives it a strong advantage. According to its Q1 2025 Markets Report, Ripple controls over 4.
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Sources familiar with the matter suggest that Ripple’s updated offer is aimed at pushing Circle to reconsider and possibly tip the balance away from Coinbase.
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Coinbase, however, is far from out of the race. As a publicly traded company, Coinbase has multiple financial tools at its disposal.
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Coinbase and Circle co-founded the Centre Consortium in 2018 to jointly develop and expand USDC.
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Given this close relationship and existing contractual obligations, some insiders believe that Coinbase remains better positioned to secure the acquisition, should it formally…
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Still, as one source pointed out, "things change every week." Ripple’s willingness to up its offer and include XRP could dramatically shift the dynamics of this acquisition race.
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At the moment, neither Ripple nor Coinbase has officially confirmed any acquisition attempt.
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If either bid succeeds, the outcome could significantly reshape the stablecoin market and the broader crypto financial ecosystem.
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For now, the crypto community is watching closely as Ripple and Coinbase engage in a high-stakes competition—one that could define the next phase of stablecoin dominance.
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