The post Expert Says This Development Could Be Huge for XRP appeared on BitcoinEthereumNews.com.
Some influential voices in the XRP community speculate that XRP could benefit from the wild rumor that Ripple is potentially acquiring Circle, the issuer of USDC. Recently, Circle filed to go public on the New York Stock Exchange via an IPO, offering 24 million Class A shares under the ticker CRCL. News of this development casts doubt on the speculation of a bidding war between Ripple and Coinbase for Circle’s acquisition. However, Mickle, a prominent figure in the XRP community, argues otherwise. According to him, Circle will not make it to the public market given the offers from entities like Ripple. Notably, initial reports suggest that Ripple offered up to $5 billion to acquire the USDC issuer. As reported, Circle rejected the bid. Shortly afterward, a detailed announcement about the firm’s IPO became public. Meanwhile, a subsequent report suggested Ripple returned with a revised offer exceeding $10 billion. Ripple’s Reported Offer “Too Good to Ignore” According to Mickle, this is a “juicy” deal that Circle’s shareholders may find hard to resist. He claimed the firm seeks to raise $6 billion from the IPO, making Ripple’s $10 billion offer appear to be the more logical route. He emphasized that Circle might be compelled to pursue an acquisition instead of the IPO path, entertaining bids from both Ripple and Coinbase. However, he believes Ripple would have the upper hand. In his commentary, he suggests the development could be “huge” for XRP. Still, many disagree with this perspective, calling it baseless speculation with no grounding in reality. For instance, the founder of the MoneyGCC Project Management Service argued that Circle can turn down any offer. He urged Mickle to consider the personalities on Circle’s board, the company’s long-term strategic interests, and its legal obligations to Coinbase, which could hinder a Ripple acquisition. They…
