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Ripple’s CEO Brad Garlinghouse has rejected assertions that the company aimed to purchase stablecoin issuer Circle, thereby concluding weeks of speculation.
Key Takeaways:
- Ripple CEO Brad Garlinghouse refuted rumors regarding a $10–$20 billion proposal to acquire Circle.
- Circle continues to concentrate on its IPO ambitions and has dismissed acquisition rumors.
- Ripple is progressing with real-world tokenization initiatives, including a real estate project in Dubai utilizing XRPL.
During the XRP Las Vegas conference, Garlinghouse addressed the widely circulated rumors in a fireside chat with fintech policy expert Chris Brummer.
Brummer later recapped the conversation in a post on X, highlighting that the Ripple CEO “refuted” the notion that Ripple ever made a $10 to $20 billion offer for Circle.
Ripple’s Alleged $5B Circle Bid First Surfaced in April
Speculation regarding a potential acquisition first emerged in April, with reports indicating that Ripple had initially proposed between $4 billion and $5 billion.
Subsequent reports suggested that the offer might have increased to as much as $20 billion. Garlinghouse did not confirm whether an initial proposal was made but clarified that Ripple was not seeking a complete takeover.
Circle also sought to dispel the rumors, affirming its focus on long-term goals.
The company has since submitted its application for an initial public offering on the New York Stock Exchange, intending to offer 24 million shares priced between $24 and $26.
Apart from the acquisition rumors, Garlinghouse shared insights on several significant initiatives during the conference.
The acquisition of prime brokerage firm Hidden Road by Ripple was a point of discussion.
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According to Brummer, the agreement highlights Ripple’s ambition to establish its RLUSD token as an on-ledger collateral asset.
48 hours ago I joined @bgarlinghouse on stage in Las Vegas to get his thoughts on the future of @Ripple. While the session wasn’t broadcast live, I found his remarks quite interesting, and worth a tweet.
Quick overview/takeaways:
· Brad was unequivocal that Ripple didn’t pursue… pic.twitter.com/6a3lI8DZZj— Chris Brummer (@ChrisBrummerDr) June 3, 2025
Hidden Road is anticipated to incorporate RLUSD into its offerings, a step Garlinghouse described as part of a broader “infrastructural” strategy aimed at enhancing the crypto ecosystem.
Garlinghouse also emphasized the increasing significance of tokenization in real-world scenarios. He pointed to Dubai’s choice to utilize the XRP Ledger (XRPL) for a real estate tokenization initiative.
In collaboration with the Dubai Land Department, Ctrl Alt, the Dubai Future Foundation, and the Virtual Assets Regulatory Authority, the project will issue tokenized property title deeds on XRPL.
The Ripple CEO referred to the initiative as an illustration of tokenization transitioning from theory to practical application.
Ripple CEO Asks for Unity Within Crypto
Finally, Garlinghouse called for enhanced unity within the crypto sector.
He mentioned Ripple’s donation of the “Skull of Satoshi” to the Bitcoin community as a gesture intended to promote collaboration.
He cautioned that ongoing disputes among crypto factions only impede the industry’s advancement.
As reported, the publicly traded energy company VivoPower is investing $121 million in XRP as a strategic reserve, making it the first company globally with an XRP-focused treasury.
The post XRP News Today: Ripple CEO Denies $5B Circle Acquisition Rumors appeared first on Cryptonews.
