Ripple CEO denies attempting to acquire Circle

ChainCatcher news, according to The Block, Ripple CEO Brad Garlinghouse publicly denied at a conference in Las Vegas that Ripple had proposed to acquire the stablecoin issuer Circle, stating that the related reports are false and that "the deal was never considered."

Previously, some media reported that Ripple had made an acquisition offer of $4 to $5 billion. Circle responded that "the company is not for sale," and is currently preparing for an IPO with a valuation of $7.2 billion, planning to sell 32 million shares of Class A common stock. Ripple launched its own stablecoin RLUSD in 2024, which currently has a market cap of $310 million, far below USDC's $61.5 billion.