據報導，Ripple提供了4-5億美元來收購Circle，USDC的發行人

據報導，Ripple提供了4-5億美元，以收購Circle，這是第二大美元的發行人USDC的發行人，以大膽的戰略舉措，可以重新定義全球金融景觀。

Crypto analyst and macro strategist Stellar Rippler has shared an analysis of a recent rumor that node announced that Ripple made an offer of $4-5 billion to acquire Circle, the issuer of the second-largest U.S. dollar-pegged stablecoin USDC.

加密分析師兼宏觀戰略家Stellar Rippler分析了最近的謠言，即Node宣布Ripple提出了4-5億美元的報價，以獲取Circle Circle，這是第二大美元Pegggging Stablecoin USDC的發行人。

According to a report by The Block, which broke the story in late March, the two companies discussed the deal but it will not be happening—at least not yet. However, the mere existence of such a proposal is a testament to Ripple’s ambitions, which seem to extend far beyond launching another stablecoin in an already saturated market. This isn’t about market competition; it’s about consolidation, infrastructure control, and becoming the backbone of the next-generation financial system.

根據該街區的一份報告，該報告在3月下旬打破了故事，兩家公司討論了這筆交易，但不會發生 - 至少還沒有。但是，僅存在這樣的提議，這證明了波紋的野心，這似乎遠遠超出了在已經飽和的市場中推出另一個穩定的穩定性。這與市場競爭無關；這是關於合併，基礎設施控制，並成為下一代金融體系的骨幹。

This perspective was brought to public attention by crypto analyst and macro strategist Stellar Rippler, whose deep-dive thread on X (formerly Twitter) outlines how this rumored acquisition attempt fits into a broader geopolitical and technological power play. According to Stellar Rippler, the timeline of events suggests that Ripple’s offer was anything but arbitrary. It was a calculated maneuver with implications stretching far beyond stablecoin dominance.

加密分析師和宏觀戰略家Stellar Rippler引起了公眾關注的觀點，他在X（以前是Twitter）上的深度潛水線程概述了這一傳言是如何適應更廣泛的地緣政治和技術力量遊戲。根據Stellar Rippler的說法，事件的時間表表明，Ripple的提議絕非是任意的。這是一個計算出的機動，其含義遠遠超出了Stablecoin的主導地位。

(1/🧵) Why would Ripple, which is launching its own stablecoin ($RLUSD), try to acquire a direct competitor like Circle, known for its stablecoin USDC? Because it’s not about competition — it’s about consolidation.

（1/🧵）為什麼Ripple會推出自己的Stablecoin（$ rlusd），試圖獲得像Circle這樣的直接競爭對手，以其Stablecoin USDC而聞名？因為這與競爭無關，而是關於合併。

Let’s break down what no one’s saying:🧵👇

讓我們打破沒人說的話：🧵👇

— Stellar Rippler🚀 (@StellarNews007) April 30, 2025

- StellarRippler🚀（@stellarnews007）2025年4月30日

As Stellar Rippler explains, Ripple's entry into the stablecoin market with RLUSD, which is designed to run natively on both the XRP Ledger and Ethereum, was announced in May 2024.

正如Stellar Rippler所解釋的那樣，Rlusd宣布了2024年5月宣布，RLUSD旨在在XRP Ledger和Ethereum上本地運行。

However, entering the arena as a newcomer presents difficulties. Stellar Rippler notes that major players like Tether (USDT) and Circle's USDC already have significant liquidity pools, trading pairs, and user adoption across both centralized and decentralized platforms. Stellar Rippler adds:

但是，作為新人進入競技場會帶來困難。 Stellar Rippler指出，像Tether（USDT）和Circle的USDC這樣的主要參與者已經在集中式和分散的平台上都有大量的流動性池，交易對以及用戶的採用。 Stellar Rippler補充說：

While Ripple was preparing for RLUSD's launch, Circle was rapidly expanding USDC into more blockchain networks, deepening its relationships with U.S. financial partners like Visa and Stripe, and positioning itself as the leading "compliant" stablecoin within the U.S. regulatory frameworks.

當Ripple正在為RLUSD的發布做準備時，Circle迅速將USDC擴展到了更多的區塊鍊網絡，加深了其與美國金融合作夥伴（如Visa和Stripe）的關係，並將自己定位為美國監管框架內領先的“合規” Stablecoin。

By late 2024, rumors began circulating about tension regarding Circle's valuation and internal governance, which coincides with the timeframe of Block's report on a $5 billion acquisition bid by Ripple. The timing is no coincidence. With RLUSD still in its early stages and USDC boasting superior liquidity and institutional trust, it's likely that Ripple saw an opportunity to avoid a slow, uphill struggle for organic stablecoin adoption. Acquiring Circle would grant immediate access to a fully mature liquidity network, a trusted reserve infrastructure, and an integrated position within the evolving regulated crypto-financial ecosystem.

到2024年底，關於Circle的估值和內部治理的緊張局勢開始流傳，這與Block關於Ripple的50億美元收購競標的報告時間表相吻合。時機不是巧合。隨著RLUSD仍處於早期階段，USDC擁有卓越的流動性和機構信任，Ripple很可能有機會避免為有機穩定的穩定穩定的努力採用。獲取圈子將立即訪問完全成熟的流動性網絡，可信賴的儲備基礎架構以及在不斷發展的受監管的加密金融生態系統中的綜合位置。

Stellar Rippler further explains how the two crypto firms play complementary roles that, when combined, could create a formidable force in the new world of digital finance.

Stellar Rippler進一步解釋了兩家加密貨幣公司如何扮演互補的角色，當結合使用時，可以在新的數字金融世界中創造強大的力量。

According to the analyst, Ripple already possesses the technology for cross-border payments and CBDC solutions for governments and financial institutions via the XRP Ledger and its CBDC platform. However, what Ripple lacks is a dominant retail stablecoin with widespread integration into consumer-facing platforms—a void that USDC fills.

根據分析師的說法，Ripple已經擁有通過XRP Ledger及其CBDC平台為政府和金融機構提供跨境支付和CBDC解決方案的技術。但是，Ripple缺少的是一種主要的零售穩定股，並將其廣泛集成到面向消費者的平台中，這是USDC填補的空白。

As one of the most widely adopted stablecoins and the most institutionally favored, USDC is fully backed by U.S. Treasuries and is being rapidly integrated into various platforms, including Robinhood and Visa. It’s often cited in U.S. policy discussions as the gold standard for compliant digital dollars. Stellar Rippler adds:

作為最廣泛採用的Stablecoins之一，是最受歡迎的穩定者之一，USDC完全受到美國國庫的支持，並正在迅速集成到包括Robinhood和Visa在內的各種平台中。在美國政策討論中通常被認為是合規數字的黃金標準。 Stellar Rippler補充說：

Acquiring Circle wouldn't just give Ripple a stablecoin; it would bring a ready-made network of payment rails, regulatory goodwill, and real-world utility. Such a move would instantly position Ripple as the default settlement layer for both retail-facing stablecoins and wholesale CBDCs, blurring the lines between what are currently separate financial silos. In essence, Ripple wouldn't be competing with traditional banks and payment processors—they'd be building a parallel financial system.

獲取圓圈不僅會給Ripple一個穩定的人。它將帶來現成的付款導軌，監管商譽和現實世界實用程序網絡。這樣的舉動將立即將波紋定位為面向零售的Stablecoins和Wholesale CBDC的默認結算層，模糊了當前分開的財務孤島之間的界限。從本質上講，Ripple不會與傳統的銀行和支付處理器競爭，他們將建立平行的金融體系。

A critical question that arises is the future role of RLUSD in this scenario. If Ripple owns USDC, does RLUSD become obsolete? According to Stellar Rippler, the two could coexist as part of a tiered financial architecture. USDC, with its broad consumer base and merchant integrations, would remain the retail-facing stablecoin.

出現的一個關鍵問題是RLUSD在這種情況下的未來作用。如果Ripple擁有USDC，RLUSD會過時嗎？根據Stellar Rippler的說法，兩者可以作為分層金融體系結構的一部分共存。 USDC憑藉其廣泛的消費基礎和商家一體化，將仍然是面向零售的Stablecoin。

RLUSD, on the other hand, could evolve into a wholesale rail designed for institutional liquidity corridors, government-to-bank CBDC pipelines, and enterprise-level settlements.

另一方面，RLUSD可以演變成專為機構流動性走廊，政府到銀行的CBDC管道和企業級定居點而設計的批發鐵路。

This dual-stablecoin model would offer Ripple remarkable flexibility. By housing a trusted retail stablecoin and an optimized wholesale token under one umbrella, Ripple could streamline everything from microtransactions to central bank settlements—all without relying on third-party

這種雙穩定模型將提供漣漪出色的靈活性。通過容納一個值得信賴的零售穩定幣和一個優化的批發令牌，Ripple可以簡化從微交易到中央銀行定居點的所有內容，而無需依靠第三方