Crypto Wars: Who Will Win the Battle for Circle? 💰💥

by

TL;DR

  • Charles Hoskinson, the oracle of Cardano, has thrown his hat into the ring of the multi-billion-dollar circus between Ripple and Coinbase, all for the coveted stablecoin issuer, Circle. 🎩💸
  • He also hinted at a clandestine rendezvous to usher Ripple’s RLUSD into the Cardano realm. 🕵️‍♂️

Hoskinson’s Choice

In a recent YouTube spectacle, our dear Cardano czar proclaimed that such an acquisition would sprinkle a bit of magic dust on the crypto universe. ✨ He went on to declare that the Coinbase-a16z-Circle “mafia” has crafted a self-serving empire, akin to a group of cats hoarding all the fish. 🐟

“And if you are outside of it, you get completely blacklisted, and it’s hard to get listed, it’s hard to get liquidity, and it’s hard to get a stablecoin,” he lamented, as if recounting a tragic tale of woe. 📜

This American visionary believes that a potential deal between Ripple and Circle could shatter that “monopoly” and usher in a renaissance of diversity. 🌈 He insists that the guardians of the XRP token would be far superior custodians than the current overlords.

Fortune, the venerable American business oracle, was among the first to whisper that Ripple and Coinbase are locked in a fierce duel to acquire Circle, the entity behind the beloved USDC stablecoin. Each titan is reportedly ready to unleash billions in this epic showdown. 💰⚔️

Angel investor Paul Barron recently suggested that whispers in the wind indicate Ripple might have the upper hand in this potential $9 billion+ saga. 🦸‍♂️

The battle for the stablecoin issuer has become the talk of the town, with some X users claiming Ripple has thrown down an $11 billion gauntlet. Others speculated that an irresistible offer would be made today (May 26). However, many industry sages dismissed this notion, reminding us that Monday is a public holiday in the United States, making any announcements as likely as a snowstorm in July. ❄️

It’s worth noting that just weeks ago, reports hinted that Ripple had offered a mere $4-$5 million to purchase Circle, which was promptly rejected as laughably low. Rumors then swirled that the offer had ballooned to $20 billion, though this remains as confirmed as a ghost story. 👻

Cardano-Ripple Pact on the Way?

Hoskinson also mentioned that the Cardano crew has reached out to their Ripple counterparts regarding the integration of the RLUSD stablecoin. 🤝

“We would like to find a path to get RLUSD on Cardano… We would do the integration for free because we like the XRP community, but it’s still an ongoing conversation,” the American said, as if negotiating a peace treaty. 🕊️

The notion of a potential collaboration between Cardano and Ripple has been floating around like a persistent rumor at a dinner party. Towards the end of 2024, the leaders of these two entities, Brad Garlinghouse and Charles Hoskinson, exchanged pleasantries, hinting that Cardano might just integrate Ripple’s stablecoin into its ecosystem. 🍽️

“We’ve already had a call with the RLUSD people. We are actively talking,” he stated, as if discussing the weather. ☁️

In April, Ripple shared a video on X that tantalizingly focused on the future of tokenization. Curiously, it opened with a fleeting glimpse of Cardano’s logo, igniting further speculation that a partnership might be lurking just around the corner. However, nothing has been officially confirmed, leaving us all in suspense. 🎭

Read More

2025-05-26 16:39