Ripple CEO Brad Garlinghouse firmly denied reports that the company attempted to acquire USDC issuer Circle for as much as $5 billion. With this stance, the crypto executive has dispelled weeks of speculation about a potential stablecoin industry shake-up. Ripple CEO Shuts Down Acquisition Rumors Amid Stablecoin Expansion Speaking on stage at the XRP Las Vegas event with Georgetown Law professor Chris Brummer, Garlinghouse addressed the rumors head-on. “…the company [Ripple] never pursued an acquisition of fellow stablecoin issuer Circle,” he said, according to the host of the Crypto America podcast, Eleanor Terrett
source: https://beincrypto.com/ripple-ceo-denies-5-billion-bid-to-buy-circle/