Ripple and Coinbase Battle for Control of Circle as Stablecoin Market Shifts

A fierce bidding war has erupted within the cryptocurrency world, with Ripple and Coinbase vying to acquire Circle, the issuer behind the popular USDC stablecoin. Sources close to the negotiations reveal that both companies are engaging in informal discussions as they seek to secure control over Circle’s stablecoin system. Recent reports suggest that Ripple has put forth a competitive proposal encompassing $9 billion to $11 billion in cash and XRP tokens, aiming to challenge Coinbase’s bid for the acquisition.