Brad Garlinghouse Rejects Rumors of Ripple-Circle Acquisition Deal
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Brad Garlinghouse has flatly denied that Ripple ever attempted to acquire Circle, the company behind the USDC stablecoin, shutting down weeks of speculation about a potential $5 billion deal.
Speaking at the XRP Las Vegas event alongside law professor Chris Brummer, Garlinghouse was clear: Ripple had no interest in buying Circle.
While some in the audience speculated about different price points, Brummer emphasized that Garlinghouse wasn’t entertaining any version of an acquisition, regardless of the figure.
The denial comes in response to a series of unverified reports, including one that claimed Ripple floated a $20 billion offer that Circle turned down. These rumors emerged as Ripple ramps up its stablecoin ambitions with RLUSD—a USD-backed asset designed to run on both the XRP Ledger and Ethereum.
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Analysts had theorized that absorbing Circle would fast-track Ripple’s position in the stablecoin race. However, Garlinghouse’s remarks suggest the company plans to scale through its own products rather than through high-profile acquisitions.
As Ripple pushes forward with RLUSD and other ventures, the Circle chatter appears to be just that—chatter.
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