What is another day of encryption without alarm bells?
As you know, Ripple and Coinbase are now submerged in billions of dollars in bidding to acquire Circle, a powerhouse behind USDC. The reported price table is $ 11 billion. This can shake the foundation of the Stablecoin market.
If Ripple wins, it can not only control major dollar support assets, but also be one of the most dominant forces in the entire ecosystem. And not everyone is okay.
Critics have already abandoned the right flag of monopoly and warns of potential turmoil when trading progresses.
Why is this acquisition so important? Here is the Buzz.
Disasters are brewing
Gabriel Shapiro, the founder of Metalex Labs, did not hold it when he put weight on the residual contract.
“It would be clearly miserable and competitive to make all block chains the largest asset publishers.” He warned in a serious monopoly alarm.
Shapiro believes that if the acquisition is passed, the regulatory agency will not be overlooked.
“If a decisive contract is signed, we will be at the door of DOJ and FTC.
He also pointed out Ripple’s past behavior of how the company used the previous impact to harm the competitors, as when Chris Larsen worked with Greenpeace in 2022 to Bitcoin Mining. According to Shapiro, the circle must be considered: Revlon doctrineThis should be done by a company’s best interest, including the weight of monopoly risk.
OOF, well studied eyelashes!
Rejection, XRP leverage and intense bid war
According to the report, Ripple proposed about $ 4 to 5 billion to acquire Circle earlier this year, but was rejected. Now come back to a table with deeper pockets, combine cash and XRP reserves to make much higher bidding.
“Ripple is currently holding about $ 94 billion in its current price, based on an XRP of about $ 40 billion.” Paul Barron said in the current deleted post.
But legal obstacles still exist. Ripple cannot easily clear the token without a judge’s head.
On the other hand, Coinbase has a healthy balance table. The cash and encryption investment of about $ 8.5 billion is almost $ 2.8 billion. But despite the financial strengths, it did not move -the mysterious.
Circle ‘S Fate: Ripple, Coinbase… Or amazing player?
Ripple seems to be aggressive, but Coinbase can still have an advantage. In particular, US regulators are likely to investigate Ripple’s bids more closely.
One banker said, “If Coinbase wants to buy, the circle will be sold as a heart beat.”
And don’t exclude dark words. Companies like Japan’s SBI Holdings, one of the biggest XRP owners, can receive support.
Ripple’s acquisition push can move stablecoin dynamics overnight. But if the warning of Shapiro progresses, it can be a decisive moment for the future of Crypto. Hopefully, good things.