Ripple’s Strategic Move 

Ripple, known for its blockchain payment solutions, launched its own stablecoin, RLUSD, last year, which currently holds a market cap of $317 million. In contrast, Circle’s USDC, with a $62 billion market cap, ranks as the second-largest stablecoin globally. Sources cited by Bloomberg indicate that Ripple aimed to solidify its leadership in the stablecoin market and scale its blockchain infrastructure through the acquisition. Ripple CEO Brad Garlinghouse had previously hinted in March that the company might consider acquiring blockchain infrastructure firms. 

READ: The US Department of Commerce Supports Bitcoin Mining! 

Circle’s Rejection and IPO Plans 

The company, however, chose to focus on its independent growth strategy, rejecting Ripple’s offer. The company filed for an IPO in the U.S. in April 2025. Macquarie analysts suggest that Circle’s IPO could mark a “turning point” for the crypto industry. With $1.68 billion in revenue in 2024 and 35% growth in USDC, Circle’s financial performance underscores why it viewed Ripple’s bid as insufficient. It aims to maintain its strong position in the stablecoin market while pursuing independent expansion. 

As the issuer of over $32 billion in USDC, Circle holds the second-largest stablecoin market share. A successful acquisition by Ripple would have significantly bolstered its stablecoin presence, granting immediate access to a broad user base and regulatory connections. 

Impact on the Crypto Sector 

Ripple’s attempt to acquire Circle reflects ongoing consolidation trends in the crypto industry. Earlier this month, Ripple acquired Hidden Road for $1.25 billion, further signaling its aggressive growth strategy. Circle’s rejection suggests that stablecoin competition will intensify. Experts speculate that Ripple may return with a revised offer or pursue other acquisitions to fuel growth. Crypto investors are closely monitoring the potential impact of these developments on XRP and USDC prices. 

The crypto market has been abuzz following Circle’s rejection of Ripple’s bid. Investors are debating how this will shape stablecoin competition. Some analysts predict that Circle’s IPO could boost USDC demand, while Ripple may strengthen XRP through additional acquisitions. On social media, particularly on the X platform, users are discussing how this move could alter the power dynamics in the crypto sector.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Circle Has Rejected Ripple’s $5 Billion Purchase Offer! appeared first on Coin Engineer.

Ripple President Monica Long also anticipates that Ripple USD (RLUSD) stablecoin will be listed “imminently” on major cryptocurrency exchanges.

In a January 7 interview with Bloomberg, Long confirmed that Ripple is actively working on additional exchange listings for RLUSD.

“We are continuing to expand the distribution and availability of Ripple dollars on other exchanges. So, I think you can expect to see more access and new announcements coming soon… very soon,” she said. However, she declined to provide specifics regarding RLUSD listings on major platforms like Coinbase.

According to Ripple’s website, RLUSD is currently available on Bitso, MoonPay, CoinMina, Bullish, Mercado Bitcoin, B2C2, Keyrock, Archax, Independent Reserve, and JST Digital.

Ripple launched RLUSD on December 17 as a stablecoin pegged 1:1 to the US dollar. At the time of publication, the stablecoin’s market cap was $71.8 million, according to CoinGecko data.

Ripple Market Cap

More than 76% of RLUSD trading volume is concentrated on the Bullish crypto exchange, split between two main trading pairs, RLUSD/USD Coin and XRP/RLUSD.

Meanwhile, the decentralized exchange Sologenic handles a smaller portion of the market. The XRP/RLUSD pair on Sologenic recorded $3.4 million in 24-hour trading volume, representing 3.56% of the total volume.

Ripple President: “Our business has doubled.”

The demand for RLUSD primarily comes from Ripple’s payment services, and President Monica Long stated that this segment of the business has doubled in the past year.

“Our business in the payments sector doubled last year, and therefore we see a very strong growth potential for our payment solution. Along with that, Ripple US Dollar will play an important role,” she said.

Long anticipates strong growth for stablecoins.

“We think this year will be a big year for crypto overall, and so demand for stablecoins will increase along with that. Stablecoins are really the main way to on-ramp and off-ramp,” she added.

According to DefiLlama data, the stablecoin market has grown by 55% since last year, reaching $206.2 billion. USDt remains the largest stablecoin, holding 66% of the market share.

“XRP ETF Coming Soon!”

Long indicated that XRP could be next in line for its own exchange-traded fund (ETF):

“I think we will see one very soon […] XRP is likely to be the next asset after Bitcoin and ETH.”

Several companies, including WisdomTree, have already taken steps to launch an XRP ETF. WisdomTree filed for approval with the US Securities and Exchange Commission (SEC) on December 2, 2024. Bitwise, Canary Capital, and 21Shares have also filed for similar products.

Long expressed that with the change in the US administration, the approval process for ETF filings will “accelerate.”

Ripple Chainlink Partnership

To enhance the utility of RLUSD, Ripple partnered with Chainlink on January 7 to integrate price feeds for RLUSD on Ethereum and the XRP Ledger.

This collaboration aims to provide tamper-proof, accurate price data, support DeFi applications, and reduce risks such as price manipulation or downtime.

In the comment section, you can freely share your comments about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post Ripple’s RLUSD Stablecoin to be Listed on More Exchanges “Imminently” appeared first on Coin Engineer.