Ripple CEO Addresses Acquisition Rumors, Focuses on Building Its Own Future

Ripple has officially denied rumors of a $5 billion acquisition offer for Circle, putting an end to weeks of speculation. Ripple’s CEO, Brad Garlinghouse, clarified that the company has no interest in acquiring Circle and emphasized their focus is building its own stablecoin infrastructure and partnerships with traditional financial institutions. This clarifies recent reports suggesting Ripple had made a bid to acquire Circle, which was later rejected.