Ripple Doubles Bid to $11 Billion for Circle Acquisition: Coinbase Enters the Race Too

The cryptocurrency world is buzzing with rumors about a potential acquisition battle for Circle, the company behind the USDC stablecoin. Ripple has reportedly increased its bid from $5 billion to an astonishing $11 billion, aiming to acquire the company outright. While neither party has officially confirmed anything yet, this news has sparked intense speculation and raises fundamental questions: Is this a strategic move by Ripple or an indication of desperation?