Ripple vs Coinbase: $11B Circle Acquisition Fight
Ripple’s Circle acquisition negotiations have taken an unexpected turn, and right now the payment giant is reportedly doubling its bid to $11 billion, which is intensifying the competition with Coinbase for control of the USDC stablecoin issuer. This bidding war represents one of the largest potential deals in cryptocurrency history, and both companies are leveraging massive resources to secure Circle’s $61 billion stablecoin infrastructure. The Ripple & Circle acquisition battle has captured the crypto market’s attention as XRP reserves and also Coinbase’s cash position fuel an unprecedented bidding war. Ripple news indicates the company raised its initial $5 billion offer after Circle rejected it, and now they’re proposing up to $11 billion using both cash and XRP holdings at the time of writing. Also Read: Top Crypto to Buy Now as Ripple Eyes Circle Acquisition Ripple, Coinbase Battle for Circle: What It Means for XRP, USDC Source: Watcher Guru Ripple...