Ripple’s Acquisition of Circle Raises Concerns Over Market Dominance

Legal expert Gabriel Shapiro warns that Ripple’s proposed acquisition of Circle, the company behind USDC stablecoin, could severely limit competition within the cryptocurrency market. He argues that handing control of Circle to Ripple would give the firm an unfair advantage by solidifying its position as a leading issuer of assets on various blockchains. This dominance could make it difficult for other companies to compete.