Ripple CEO Refutes $10 Billion Circle Acquisition Rumor

In a move to clarify market speculation, Ripple CEO Brad Garlinghouse categorically denied reports of a $10 billion acquisition offer for Circle. This denial comes in the wake of rumors circulating about Ripple’s intentions regarding the stablecoin landscape. Instead of pursuing a buyout, Ripple is currently prioritizing the development of its RLUSD stablecoin project. 3rd-party verification, including regulatory bodies like SEC, has not weighed in on this matter and market analysts are observing Ripple’s strategic shift.