Charles Hoskinson expresses support for Ripple’s bid for Circle, predicting industry diversity.
- Ripple and Coinbase are competing to acquire Circle in a high-stakes bidding war.
- Charles Hoskinson supports Ripple’s bid, citing benefits for crypto diversity.
- Regulatory hurdles could affect the acquisition’s success.
Charles Hoskinson, founder of Cardano, backs Ripple’s potential acquisition of Circle during a YouTube AMA on May 26, 2025.
Ripple’s acquisition bid for Circle may reshape the stablecoin market, introducing more competition and challenging existing monopolies.
Ripple Raises Bid to $11 Billion for Circle
Ripple is engaged in a multi-billion-dollar bidding war with Coinbase to acquire Circle, the issuer of USDC. This situation has drawn significant attention due to its potential to disrupt established ecosystems. Ripple reportedly increased its initial offer from $4-$5 billion to around $11 billion.
Hoskinson believes Ripple could be a better custodian of Circle’s assets and implies existing market monopolies could be challenged. He supports integrating Ripple’s initiatives into Cardano’s ecosystem, enhancing collaboration and potential cross-platform innovations.
“Ripple and XRP could break apart the existing monopoly and create more diversity” – Charles Hoskinson, Founder, Cardano. Source
Ripple Acquisition May Consolidate Stablecoin Sector
Ripple’s potential acquisition could impact multiple cryptocurrencies, particularly affecting USDC. It signals a major consolidation in the stablecoin sector, which might alter competitive dynamics within the industry. Hoskinson’s support further underscores Ripple’s potential positive impact on crypto market diversity.
Financially, such an acquisition could lead to significant shifts in market power. There are, however, potential regulatory challenges that might arise. Antitrust concerns could prove to be obstacles, especially given the scale of this acquisition.
Crypto Market Could Realign Post-Acquisition
Historically, high-profile acquisitions have resulted in market realignments and increased competition. This potential acquisition could echo past consolidations impacting crypto markets. Analysts suggest this move might reshape network alliances and liquidity availability.
Considering the data and historical trends, this high-stakes acquisition could foster innovation across multiple blockchain ecosystems. If executed, Ripple’s acquisition of Circle might lead to new opportunities and challenges for cryptocurrency stakeholders.
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