Ripple CEO Brad Garlinghouse Dispels Circle Acquisition Rumors
In a Tuesday post on social media website X (previously Twitter), Georgetown Law teacher Chris Brummer shared insights from a discussion with Brad Garlinghouse, the CEO of Ripple, clarifying the blockchain payment company’s tactical instructions and essential initiatives. Garlinghouse Denies Pursuing Circle Acquisition During their exchange, Garlinghouse made a firm declaration asserting that …
Garlinghouse Denies Pursuing Circle Acquisition Throughout their exchange, Garlinghouse made a firm declaration asserting that Ripple had not actively pursued an acquisition of Circle, the provider of the market’s second biggest stablecoin by trading volume, USDC. While nuances in the conversation hinted at prospective alternative rate points for a potential offer, Garlinghouse’s primary message stayed clear: Ripple was focused on its own trajectory and not considering acquisitions, despite Ripple’s recent acquisition of Hidden Roadway pointing towards more comprehensive aspirations. Ripple Charts New Course According to Brummer, Garlinghouse’s vision for Ripple seemed to go beyond a basic replacement of traditional finance with crypto.
Garlinghouse Rejects Pursuing Circle Acquisition During their exchange, Garlinghouse made a firm declaration asserting that Ripple had not actively pursued an acquisition of Circle, the company of the market’s 2nd largest stablecoin by trading volume, USDC. While subtleties in the discussion hinted at possible alternative price points for a prospective deal, Garlinghouse’s main message stayed clear: Ripple was focused on its own trajectory and not considering acquisitions, despite Ripple’s recent acquisition of Hidden Road pointing towards broader ambitions. Ripple Charts New Course According to Brummer, Garlinghouse’s vision for Ripple seemed to go beyond a basic replacement of traditional financing with crypto.
