Ripple is promoting the acquisition of Circle, the company that issuesABLECOIN USLUDC with a new new proposal of up to 11 1 billion USD.
However, the community is concerned that this deal could lead to negative lead to negative consequences, from market panic to weakening the role of XRP. so Why is Ripple determined to buy Circle and what does this mean for the cryptocurrency market?
Why is Ripple acquiring Circle?
Ripple, the company behind XRP, has long positioned itself as a solution for cross-border payments, aiming to replace traditional systems like SWIFT. However the rapid growth of stablestecincluding USDC, and their promising future have overshadowed the role of XRP.
"They are trying to buy Circle because stablecmakesoin the use case that XRP intended to implement useless," X user R89Capital commented.
This user also argued that Ripple's willingness to spend heavily on Circle stems from having "sold billions of USD worth of XRP to small investors," alluding to the prolonged lawsuit between Ripple and SEC. This perspective has received agreement from many other X users.
"has never been a bigger fraud in thanPle This is one of the biggest frauds in financial history," R89Capital added.
The that USDC could make Xis onthe price stability of the usststablecoin and its acceptance by traditional financial institutions (TradFi). With a market capitalization of 61 billion USD, USDC is not only a aablstablecoin but also also a bridge between traditional finance finance and blockchain, supported by large organizations.
In this context, acquiring Circle for up to 11 billion USD could allow Ripple to leverage USDC's position instead of continuing to compete with it. Additionally, owning USDC could consolidate Ripple's position in the digital financial space. The company has also made several recent acquisitions. Recently, Launched riplaunched its own stablecoin, RLUSD, with a market capitalization of 310 million USD, but this cannot be compared to USDC.
Acquiring Circle will allow Ripple to integrate USDC into its ecosystem, lever,aging's with to expand market share. This move could also also reduce Ripple's dependianceence, facing fierce competition from stablecoins and other paymentcsolutions h22and Risks
However, the cryptocurrency community has expressed concerns about this deal... X user GGGwRipof Circle to hoPiediper Piper, suggesting suggesting similar negative consequences as in.Meanwhile, X user 0xShual warned that this deal could cause "mass panic" in the market, as CONTROLLING USDC could concentrate power andakenentraldecentralized ofablstablecoin ecosystem. If Ripple controls USDC, the community fears they might prioritize their own interests, damaging the transparency and trust USDC has built.
<>these concerns, the, the deal still offers opportunities for Ripple. If the acquisition is successful, successful Become a major player in the ststablecoin market, competing with rivals like Tether (USDT).<>Circle initially rejecting and pressure from competitors like Coinple, Ripple faces significant challenges in completing the deal. In the currentccryptocurrency market, Ripple's acquisition of Circle is be a strategic move and a and a and challenge to ripitions ambto the finance finance 请问�这篻译是否符合我之前给出的专业术语翻译要求？ : 的检查后发现，有几个专业术语没有按照之前的进行翻译： 1. "stablecoin" 应该保持原样，但译文中翻译成了"稳定币" 2. "DeFi" 在文中出现，但没有按照要�""3" 中在文中出现，，但有求为 其他如 XRP、dc、Circle、Capital 等专已业术语已经按经正确翻译。 建议对这些专业术语进行调整，以符合原始要求。专业Human术语�译�求。
