Battlefield finally took place: Welcome to the real Stablecoins cylinder. On the one hand, ripple, armed with billions and ready for purchase. On the other hand, Circle, a giant installed, determined to remain the master of his fate. Last Salvo? The colossal offer of Ripple, which wanted to get hands on the circle and its symbolic USDC. Except that this time he avoided the goal and prefers to target Wall Street rather than muscle takeover.
In short
- Ripple offered up to 5 billion to buy a circle.
- Circle prefers IPO despite declining income.
- Rlusd remains far beyond USDC in capitalization.
Offer at 5 billion on the table … refuses
Before the scenes, the information decomposes over several weeks. Ripple tried a big blow: Buy a circle for an estimated amount between 4 and 5 billion. Objective was clear: to speed up its presence in the sector and eclipse Stablecoins Own Rlusd, still embryonic with capitalization of $ 316 million.
But Circle said no.
According to Bloomberg, The offer was considered too low. Cold shower for ripple. And a symbolic wedding when Circle has just submitted his IPO file to the stock market. The share is not only financial, but is also strategic. Because Circle, with its $ 62 billion in USDC in circulationHe plays in giant courtyards.
On the side of the ripple, the transmitter XRP, spends. ” We have a lot of liquidity so we stay in the position of acquisition “Monica Long, President Ripple warned. And the numbers are correct: the company just announced Matters hidden roads worth $ 1.25 billion.
Rustle: Ripple could return to the hub. For the time being, the circle prefers to unpack its own plan. ” We do not have, as stated on the rumor market », He was content to answer the spokesman.
Wall Street Shadow and Investor Pressure
Behind this attempt to take over the entire ecosystem of the Stablecoins. Ring is not an average society. Is about to become The first Stablecoins issuer listed on the stock market. Entry ticket? Awards between $ 4 and 6 billion According to Matthew Sigel, with multiple awards worthy of technology: up to 38 times higher profits.
However, society is not exempt from criticism. In 2024, Its income increased by 16 %But her EBITDA dropped by 29 %. The error, among other things, with increasing operating costs and expensive partnerships – especially with Coinbase and Binance.
” Circle experienced temporary loss but maintains a fixed base with continuous income growth “, Sigel determines X.
But Ripple felt the opportunity in this slow -growing growth atmosphere. Because if IPO is postponed or fails, the door could be reopen.
In parallel, The Stablecoins Global Market reaches $ 241 billion. Tether remains an indisputable master, but the USDC is firmly installed in second place. Rlusd, trying to discover. And this is a challenge: for the ripple, the crushing circle was a strategic abbreviation. Abbreviation to dominance.
For shops, radically contradictory vision
This confrontation between the ripple and the circle reveals in particular two sector visions. Ripple proceeds without intention to penetrate the stock market. ” We have enough cash. IPO is not a priority “He confirmed Brad Garlinghouse, head of Ripple, since October 2024.
Circle plays a transparency and regulation card. Despite the uncertainties, despite the “crypto storm” that trembles the award, he still believes in the potential of the public transmitter. A risky bet, but which could be a school.
And the differences will not stop there. Ripple prefers massive acquisitions and vertical strategy. Circle, to that, wants to expand its services while maintaining control. In the background, long enemy American regulators now seem to be more open. What a revival of ambitions … and rivalry.
By refusing the Ripple’s Circle menu, the Circle simply did not refuse the check. Sent a message : USDC will not change your hands so easily. But the war is far from over. Other offers could come. Other giants could enter the arena. And above all the market is waiting. Because this battle is played not only on the characters, but also on trust.
Despite market turbulence, the circle continues to focus on the stock market. IPO, originally planned at the beginning of April, was postponed. While waiting for the quieter days, all eyes turn to the rest of the battle.
Maximize your Cointribne experience with our “Read to Earn” program! For each article you read, get points and approach exclusive rewards. Sign up now and start to accumulate benefits.
Blockchain and crypto revolution! And the day when the impacts will be felt on the most vulnerable economy of this world, I would say against all the promises that I was there for something
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
