Ripple Officially Denies Circle Buyout Rumors, Reassures Markets

Ripple Corporation has vehemently denied rumors of an acquisition attempt involving stablecoin issuer Circle, refuting industry speculation regarding a potential $5 billion to $10 billion bid. Ripple CEO Brad Garlinghouse issued this denial in Las Vegas, solidifying the company’s current strategic direction and reassuring markets about the stability of its assets. 🤝 🇺🇸 The denial came after weeks of speculation but had no notable impact on related crypto assets such as USDC or XRP.