- Ripple offers $10B to buy stablecoin USDC
- Previous $5B offer was rejected by Circle
- Acquisition could reshape the stablecoin market
Ripple Makes Bold Move Toward Stablecoin Dominance
In a breaking development shaking up the crypto world, Ripple has reportedly made a $10 billion offer to acquire Circle’s USDC, the second-largest stablecoin by market cap. This new proposal doubles Ripple’s previous $5 billion bid, which Circle had declined.
If successful, this acquisition could significantly alter the stablecoin landscape and expand Ripple’s reach beyond cross-border payments into stable digital currencies. The move signals Ripple’s ambition to compete directly with Tether’s USDT, currently the market leader in the stablecoin space.
Why Ripple Wants USDC
Ripple’s core business focuses on facilitating fast, low-cost international payments using its native token XRP. Acquiring USDC would give Ripple control over a regulated, fiat-backed stablecoin—perfect for integrating into its existing payment infrastructure.
USDC is widely used across DeFi platforms and payment services, thanks to its transparency and regulatory compliance. Gaining control of such a stablecoin would allow Ripple to offer more versatile products and appeal to institutional partners who require price-stable digital assets.
This bid comes at a time when regulatory clarity around stablecoins is evolving. Ripple, having faced its own battles with the SEC, appears keen to take the lead in building a U.S.-compliant digital finance ecosystem.
What’s Next for the Deal?
While Ripple’s offer is bold, there’s no confirmation yet on how Circle will respond. The company previously rejected a lower bid, indicating it may have larger plans—possibly a public listing or new partnership opportunities.
Circle Becomes First Stablecoin Approved in Japan circle If Circle accepts, Ripple could become a dominant force in both cross-border payments and the stablecoin sector. For now, the crypto industry is watching closely as two major players negotiate what could be one of the biggest deals in crypto history.
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