Ripple gets aggressive with $20 billion bid to buy Circle

By: cryptosheadlines|2025/05/02 22:15:01
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Ripple is reported to have increased its offer to purchase Circle, the issuer of USDC, from $5 billion to over $20 billion. The higher valuation is now under active negotiation, according to Bloomberg sources. If confirmed, the deal would shift the balance of power in the global stablecoin market.Ripple’s move to acquire Circle would give it control of USDC, the world’s second-largest stablecoin. The timing of the proposed deal comes as Circle is cautious after filing an IPO application in the U.S.Crypto lawyer Bill Morgan hinted that Ripple’s RLUSD token launch may be a precursor to this acquisition attempt. RLUSD is a compliant, enterprise stablecoin meant to be embedded into Ripple’s global payment system.Crypto influencer Crypto Eri described the move as an aggressive market consolidation. “Ripple buying Circle is not for the financials,” she said, citing a larger ambition to buy out Circle’s infrastructure and limit smaller rivals.Ripple buying Circle is not for the financials. It Curbs Competition: Controls USDC, dominates the stablecoin market, sidelines smaller rivals, and takes over Circle’s Payment Network that will be FUELED by an IPO. How much is that worthA lot. Second offer incoming IMO. pic.twitter.com/xTWDWhm8qt— Crypto Eri ~ Carpe Diem (@sentosumosaba) May 1, 2025Dave Schwartz, Ripple CTO, added to the speculation by lightheartedly responding to the amount on the bid, noting, “$6 billion, but that’s our final offer.” The comment, while funny, came at a critical moment when Ripple was eagerly discussing its growing appetite for acquisitions.Ripple accusation spreeThis comes as Ripple acquired Hidden Road for $1.25bn last month as part of a broader strategy. Hidden Road is a non-bank prime brokerage that processes $3 trillion per year for over 300 institutional clients. Ripple noted that the deal would help Hidden Road scale infrastructure, using its balance sheet to expand global clearing services.Upon finalization, the acquisition would make Ripple the only crypto-native company with a global multi-asset prime broker. This strengthens Ripple’s role in mainstream finance and sets the stage for institutional trading of digital assets like XRP. Pro crypto attorney John Deaton stated that Hidden Road’s scale and influence may make Ripple a dominant force in crypto prime brokerage.RLUSD integration signals broader utility shiftThe launch of RLUSD is in line with Ripple’s bid for Circle and further underlines its stablecoin push. RLUSD offers dual functionality in Ripple’s payment and investment ecosystem and serves both institutional payment needs and DeFi access.RLUSD is integrated directly into Ripple Payments, providing faster and less expensive cross-border settlements. This addition is designed to distinguish it from other stablecoins, with particular regard to compliance and real-world adoption. Currently, its market capitalization has gone over the $300 million mark.Ripple has expanded RLUSD’s reach to the Middle East, a region now known for the fast adoption of blockchain technologies. According to the company, 40% of regional enterprises currently use Ripple for digital asset custody. RLUSD’s compliance-first design aligns with regulations on the local level, allowing Ripple to strengthen its relationship with institutional partners through their trust.Ripple CEO Brad Garlinghouse has hinted at his company’s IPO and said its 2024 valuation of $11 billion is outdated. A successful IPO or significant legal clarity would be needed before any acquisition of Circle. Any potential Circle acquisition is still in the shadow of Ripple’s legal mess with the U.S. Securities and Exchange Commission. As the SEC lawsuit nears an end, clarity around Ripple’s regulatory status is crucial in boosting further growth.After the deal gets finalized, Ripple will have the most control over two prominent stablecoins in RLUSD and USDC, as well as institutional clearing and global payment rails. This would position Ripple in the middle of the emerging digital finance ecosystem.Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your SpotSource link

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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