Ripple Doubles Bid for USDC Acquisition, Targets Stablecoin Dominance

Ripple has made a bold move in the crypto market by submitting an increased offer of $10 billion to acquire Circle’s USDC stablecoin. This follows their previously rejected $5 billion proposal, signaling a significant shift in Ripple’s strategy towards securing control over a regulated, fiat-backed asset. A successful acquisition could reshape the stablecoin landscape and bolster Ripple’s position beyond its current focus on cross-border payments.