Ripple Denies $5 Billion Circle Buyout Bid, What’s the Say?

Jakarta, Pintu News – Ripple CEO Brad Garlinghouse has dismissed claims that his company has made a buyout offer for Circle, a stablecoin issuer, for $4 to $5 billion.

In an interview at the Ripple conference held in Las Vegas, Garlinghouse confirmed that there are no such purchase plans. This information contradicts a report released by Bloomberg, which stated that Circle had rejected an offer from Ripple as it was deemed too low.

Affirmation from Ripple CEO

In a discussion hosted by Georgetown Law Professor Chris Brummer, Garlinghouse categorically stated that Ripple was never serious about purchasing Circle.

According to him, Ripple just wants to see Circle grow without any interference from Ripple’s side. Brummer, who posted this statement on X (formerly Twitter), emphasized that Ripple has a different vision in developing its business.

Garlinghouse added that despite speculation in the media, Ripple is focused on developing its own products and services without acquiring other companies.

This shows Ripple’s independent strategy of strengthening its position in the digital finance market. The CEO also touched on the launch of their own stablecoin, RLUSD, which is still awaiting approval from the New York Department of Financial Services.

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Circle and Plans to Go Public

Circle, known for its USDC (USD Coin) stablecoin, is preparing to list on the stock exchange at a valuation of $7.2 billion. The targeted share price ranges from $27 to $28 per share, using the ticker CRCL. This is a big step for Circle after ending its planned merger with a SPAC previously valued at $9 billion.

The company also emphasized that it is not looking for a buyer and is focused on expansion and product innovation. This assertion comes after reports that Coinbase had also made an offer to acquire Circle, which clearly shows the high level of interest in the company from various parties.

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Ripple’s Strategy in the Financial Ecosystem

Ripple, best known for its digital currency, Ripple (XRP), is constantly working on building bridges between traditional finance and crypto. Recently, it acquired Hidden Road, a credit network that manages $3 trillion worth of transactions every year. This shows Ripple’s commitment to integrating deeper with the global financial system.

Additionally, the development of RLUSD marks Ripple’s move towards expanding its influence in the stablecoin market. Although RLUSD’s market capitalization has only reached $310 million, far below Circle’s $61.5 billion, Ripple is showing optimism in the future growth and adoption of their stablecoin.

Conclusion

Despite much speculation and reports in the media, Ripple reaffirmed their focus and strategy in the digital finance industry. With a firm rejection of the Circle buyout claims and the development of innovative financial products, Ripple is ready for the challenges and opportunities that lie ahead.

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Reference

• Crypto Times. Ripple CEO Rejects Claims of $5 Billion Offer to Buy Circle. Accessed on June 5, 2025
• Featured Image: Coinmarketcap