Ripple將其競標增加一倍

在有報導稱Ripple的出價翻了一番，即USDC Stablecoin的發行人，從50億美元增加到驚人的110億美元，因此，加密世界引起了人們的猜測。

Crypto Twitter was abuzz with speculation on Thursday, after reports emerged that Ripple had doubled its bid to acquire Circle, the issuer of the USDC stablecoin, from $5 billion to $11 billion.

加密推特（Crypto Twitter）在周四的猜測中充滿了猜測，此前有報導稱Ripple的競標翻了一番，以收購Circle（USDC Stablecoin的發行人）從50億美元增加到110億美元。

This dramatic move appears to be Ripple’s latest strategy to secure dominance in the stablecoin market — and perhaps a response to mounting competition from Coinbase (NASDAQ:COIN), which is also rumored to be eyeing a takeover of Circle.

這一戲劇性的舉動似乎是波紋在穩定市場中保持優勢的最新策略，也許是對Coinbase（NASDAQ：COIN）進行的競爭的回應，這也有傳言稱，這也是在關注圈子的收購。

Though neither Ripple, Circle, nor Coinbase have yet made any official confirmations, the rumor mill is working overtime. If true, this would be one of the most aggressive acquisition bids in recent crypto history, potentially shaping the future of stablecoins and the broader digital asset ecosystem.

儘管尚未做出任何正式確認，儘管漣漪，圈子和coinbase均未做出任何正式確認，但謠言工廠正在加班。如果是真的，這將是最近加密歷史上最具侵略性的收購出價之一，有可能塑造StableCoins和更廣泛的數字資產生態系統的未來。

Why Does Ripple Want Circle?

波紋為什麼要圓圈？

The primary draw in this potential acquisition is USDC, the world’s second-largest stablecoin with a market capitalization of around $61 billion. Circle’s flagship product has become a foundational asset across DeFi platforms, centralized exchanges, and payment networks — and Ripple, best known for its XRP token and global payments network, sees a strategic opportunity to expand its reach by acquiring it.

這一潛在收購的主要吸引力是USDC，這是世界第二大穩定幣，市值約為61億美元。 Circle的旗艦產品已成為跨Defi平台，集中交易所和支付網絡的基礎資產 - 以及以其XRP令牌和全球支付網絡而聞名的Ripple，看到了通過獲取它來擴大其影響力的戰略機會。

Just last month, it was reported that Ripple had made an offer of between $4 billion and $5 billion for Circle. However, this initial bid was reportedly turned down by Circle.

就在上個月，據報導，Ripple為Circle提供了40億至50億美元的提議。但是，據報導，這種初始出價被圈子拒絕了。

But in the rapidly changing dynamics of the crypto sphere, things appear to have moved swiftly. With Coinbase now said to be preparing a counteroffer for Circle, reportedly enlisting the help of investment bank Moelis & Co, Ripple has reportedly decided to take a more aggressive stance.

但是，在加密球體的快速變化的動態中，事情似乎已經迅速發展。據報導，Coinbase現在據說正在為Circle做準備，並在投資銀行Moelis＆Co的幫助下，Ripple已決定採取更具侵略性的立場。

According to reports from The Tokenizer and Blockworks, Ripple has now significantly increased its bid, offering a staggering sum of $9 billion to $11 billion to acquire Circle.

根據Tokenizer and Blockworks的報導，Ripple現在大大提高了其出價，為收購Circle提供了驚人的90億美元至110億美元。

This move, if successful, would provide Ripple with an immediate footprint in the stablecoin sector, allowing them to diversify beyond cross-border payments and potentially challenge Tether’s USDT in the largest stablecoin spot.

如果成功的話，這一舉動將為Stablecoin行業提供直接佔地面積，使他們能夠超越跨境支付，並可能在最大的Stablecoin席位上挑戰Tether的USDT。

It would also bring Ripple closer to achieving full regulatory compliance in the U.S. — an increasingly critical factor in the post-FTX regulatory climate.

這也將使連鎖反應更接近在美國實現全面的監管合規性，這是FTX後監管氣候的日益關鍵因素。

Is Ripple Financially Able to Outbid Coinbase?

Ripple在財務上能夠超越Coinbase嗎？

Now, chatter on social media suggests that investment firm Draper New Age (DNA) is pivoting its attention to Ripple (NYSE:PYPL) and Coinbase (NASDAQ:COIN). Angel investor Paul Barron, a partner at DNA, is speculating that Ripple might just have the edge in this developing bidding war.

現在，社交媒體上的聊天表明投資公司Draper New Age（DNA）正在關注Ripple（NYSE：PYPL）和Coinbase（NASDAQ：COIN）。 DNA的合夥人天使投資人保羅·巴倫（Paul Barron）猜測，波紋可能只是在這場發展的競標戰中具有優勢。

Barron suggests that Ripple’s offer range of $9 to $11 billion might just be enough to win over Coinbase, especially if Circle is in the mood to sell. However, he adds a crucial detail — the rumour is that Coinbase is prepared to offer an astonishing $12 billion for Circle.

巴倫（Barron）認為，Ripple的報價範圍為9至110億美元，可能足以贏得Coinbase，尤其是如果Circle有銷售的心情。但是，他補充了一個關鍵的細節 - 有傳言稱Coinbase準備為Circle提供令人驚訝的120億美元。

It seems like everyone is in the mood to bid high for Circle. But is Coinbase really capable of putting together an offer that could best Ripple’s bid of $9 to $11 billion? Barron speculates that Coinbase might be able to manage it, considering they have over $8 billion in cash.

似乎每個人都想高高競標Circle。但是，Coinbase是否真的能夠匯總一項優勢，即最佳的競標9至110億美元？ Barron推測Coinbase可能能夠管理它，因為他們擁有超過80億美元的現金。

Coinbase's Strong Financial Position

Coinbase的強大財務狀況

As of Q1 2025, the publicly traded crypto exchange had an outstanding cash position of over $8 billion. They also have the ability to raise additional capital through the public markets if needed, which grants them excellent liquidity for making large-scale acquisitions.

截至2025年第1季度，公開交易的加密貨幣交易所的現金頭寸超過80億美元。他們還可以在需要的情況下通過公共市場籌集額外的資金，這使他們有良好的流動性來進行大規模收購。

This would allow them to structure a deal with a mix of cash and stock, potentially giving them more flexibility than Ripple, which would be using a portion of its vast XRP holdings to fund the acquisition.

這將使他們能夠與現金和股票的混合結構，這可能使他們比波紋更靈活，這將利用其龐大的XRP持有量的一部分來資助收購。

The two companies' close relationship adds another layer of complexity. Back in 2019, Coinbase and Circle teamed up to co-found the Centre Consortium, which was initially responsible for governing USDC.

兩家公司的親密關係增加了另一層複雜性。早在2019年，Coinbase和Circle聯手與中心財團共同創立了最初負責USDC的責任。

If Coinbase decides to pursue a full acquisition of Circle, it would mark a major strategic expansion into the stablecoin sector, deepening their influence over one another.

如果Coinbase決定全面收購Circle，它將標誌著對Stablecoin行業的主要戰略擴展，從而加深了它們彼此的影響力。

Why Is Coinbase Interested In Acquiring Circle?

為什麼Coinbase有興趣收購圓圈？

Earlier this year, rumors began swirling that Coinbase was planning a takeover bid for Circle. These rumors were quickly dispelled by an executive at Coinbase, who stated that they weren’t engaging in any acquisition activity at the moment.

今年早些時候，謠言開始旋轉，說Coinbase正在計劃收購Circle。這些謠言很快被Coinbase的高管驅散了，他們說他們目前還沒有從事任何收購活動。

However, more recent reports suggest that the narrative has shifted. According to reports from The Tokenizer and Blockworks, Coinbase is now preparing a counteroffer for Circle.

但是，最近的報告表明敘述已經發生了變化。根據Tokenizer和Blockworks的報導，Coinbase現在正在為Circle做準備。

This move shouldn’t come as a surprise, given Coinbase’s significant financial capabilities and the valuable addition that Circle’s stablecoin technology could bring to their operations.

考慮到Coinbase的重要財務能力以及Circle的Stablecoin技術可以帶給他們的運營，這一舉動並不令人驚訝。

Coinbase is a well-known cryptocurrency exchange in the U.S., recognized for its strong presence in the market. As of the first quarter of 2025, the exchange had an impressive cash balance of $8.1 billion, a testament to their financial strength.

Coinbase是美國眾所周知的加密貨幣交換，以其在市場上的強大存在而聞名。截至2025年第一季度，交易所的現金餘額為81億美元，這證明了其財務實力。

Moreover, Coinbase has the flexibility to access the capital markets whenever they need to expand their operations further. This strategic

此外，Coinbase可以在需要進一步擴展其運營時靈活地進入資本市場。這種戰略