Ripple将其竞标增加一倍

在有报道称Ripple的出价翻了一番，即USDC Stablecoin的发行人，从50亿美元增加到惊人的110亿美元，因此，加密世界引起了人们的猜测。

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）在周四的猜测中充满了猜测，此前有报道称Ripple的竞标翻了一番，以收购Circle（USDC Stablecoin的发行人）从50亿美元增加到110亿美元。

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.

这一戏剧性的举动似乎是波纹在稳定市场中保持优势的最新策略，也许是对Coinbase（NASDAQ：COIN）进行的竞争的回应，这也有传言称，这也是在关注圈子的收购。

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.

尽管尚未做出任何正式确认，尽管涟漪，圈子和coinbase均未做出任何正式确认，但谣言工厂正在加班。如果是真的，这将是最近加密历史上最具侵略性的收购出价之一，有可能塑造StableCoins和更广泛的数字资产生态系统的未来。

Why Does Ripple Want Circle?

波纹为什么要圆圈？

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.

这一潜在收购的主要吸引力是USDC，这是世界第二大稳定币，市值约为61亿美元。 Circle的旗舰产品已成为跨Defi平台，集中交易所和支付网络的基础资产 - 以及以其XRP令牌和全球支付网络而闻名的Ripple，看到了通过获取它来扩大其影响力的战略机会。

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.

就在上个月，据报道，Ripple为Circle提供了40亿至50亿美元的提议。但是，据报道，这种初始出价被圈子拒绝了。

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，在加密球体的快速变化的动态中，事情似乎已经迅速发展。据报道，Coinbase现在据说正在为Circle做准备，并在投资银行Moelis＆Co的帮助下，Ripple已决定采取更具侵略性的立场。

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.

根据Tokenizer and Blockworks的报道，Ripple现在大大提高了其出价，为收购Circle提供了惊人的90亿美元至110亿美元。

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.

如果成功的话，这一举动将为Stablecoin行业提供直接占地面积，使他们能够超越跨境支付，并可能在最大的Stablecoin席位上挑战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.

这也将使连锁反应更接近在美国实现全面的监管合规性，这是FTX后监管气候的日益关键因素。

Is Ripple Financially Able to Outbid Coinbase?

Ripple在财务上能够超越Coinbase吗？

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.

现在，社交媒体上的聊天表明投资公司Draper New Age（DNA）正在关注Ripple（NYSE：PYPL）和Coinbase（NASDAQ：COIN）。 DNA的合伙人天使投资人保罗·巴伦（Paul Barron）猜测，波纹可能只是在这场发展的竞标战中具有优势。

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.

巴伦（Barron）认为，Ripple的报价范围为9至110亿美元，可能足以赢得Coinbase，尤其是如果Circle有销售的心情。但是，他补充了一个关键的细节 - 有传言称Coinbase准备为Circle提供令人惊讶的120亿美元。

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.

似乎每个人都想高高竞标Circle。但是，Coinbase是否真的能够汇总一项优势，即最佳的竞标9至110亿美元？ Barron推测Coinbase可能能够管理它，因为他们拥有超过80亿美元的现金。

Coinbase's Strong Financial Position

Coinbase的强大财务状况

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，公开交易的加密货币交易所的现金头寸超过80亿美元。他们还可以在需要的情况下通过公共市场筹集额外的资金，这使他们有良好的流动性来进行大规模收购。

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.

这将使他们能够与现金和股票的混合结构，这可能使他们比波纹更灵活，这将利用其庞大的XRP持有量的一部分来资助收购。

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.

两家公司的亲密关系增加了另一层复杂性。早在2019年，Coinbase和Circle联手与中心财团共同创立了最初负责USDC的责任。

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决定全面收购Circle，它将标志着对Stablecoin行业的主要战略扩展，从而加深了它们彼此的影响力。

Why Is Coinbase Interested In Acquiring Circle?

为什么Coinbase有兴趣收购圆圈？

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.

今年早些时候，谣言开始旋转，说Coinbase正在计划收购Circle。这些谣言很快被Coinbase的高管驱散了，他们说他们目前还没有从事任何收购活动。

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，最近的报告表明叙述已经发生了变化。根据Tokenizer和Blockworks的报道，Coinbase现在正在为Circle做准备。

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.

考虑到Coinbase的重要财务能力以及Circle的Stablecoin技术可以带给他们的运营，这一举动并不令人惊讶。

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是美国众所周知的加密货币交换，以其在市场上的强大存在而闻名。截至2025年第一季度，交易所的现金余额为81亿美元，这证明了其财务实力。

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

此外，Coinbase可以在需要进一步扩展其运营时灵活地进入资本市场。这种战略