据报道，Ripple提供了4-5亿美元来收购Circle，USDC的发行人

据报道，Ripple提供了4-5亿美元，以收购Circle，这是第二大美元的发行人USDC的发行人，以大胆的战略举措，可以重新定义全球金融景观。

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.

加密分析师兼宏观战略家Stellar Rippler分析了最近的谣言，即Node宣布Ripple提出了4-5亿美元的报价，以获取Circle Circle，这是第二大美元Pegggging Stablecoin USDC的发行人。

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.

根据该街区的一份报告，该报告在3月下旬打破了故事，两家公司讨论了这笔交易，但不会发生 - 至少还没有。但是，仅存在这样的提议，这证明了波纹的野心，这似乎远远超出了在已经饱和的市场中推出另一个稳定的稳定性。这与市场竞争无关；这是关于合并，基础设施控制，并成为下一代金融体系的骨干。

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.

加密分析师和宏观战略家Stellar Rippler引起了公众关注的观点，他在X（以前是Twitter）上的深度潜水线程概述了这一传言是如何适应更广泛的地缘政治和技术力量游戏。根据Stellar Rippler的说法，事件的时间表表明，Ripple的提议绝非是任意的。这是一个计算出的机动，其含义远远超出了Stablecoin的主导地位。

(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/🧵）为什么Ripple会推出自己的Stablecoin（$ rlusd），试图获得像Circle这样的直接竞争对手，以其Stablecoin USDC而闻名？因为这与竞争无关，而是关于合并。

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

让我们打破没人说的话：🧵👇

— 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所解释的那样，Rlusd宣布了2024年5月宣布，RLUSD旨在在XRP Ledger和Ethereum上本地运行。

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，作为新人进入竞技场会带来困难。 Stellar Rippler指出，像Tether（USDT）和Circle的USDC这样的主要参与者已经在集中式和分散的平台上都有大量的流动性池，交易对以及用户的采用。 Stellar Rippler补充说：

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.

当Ripple正在为RLUSD的发布做准备时，Circle迅速将USDC扩展到了更多的区块链网络，加深了其与美国金融合作伙伴（如Visa和Stripe）的关系，并将自己定位为美国监管框架内领先的“合规” 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，关于Circle的估值和内部治理的紧张局势开始流传，这与Block关于Ripple的50亿美元收购竞标的报告时间表相吻合。时机不是巧合。随着RLUSD仍处于早期阶段，USDC拥有卓越的流动性和机构信任，Ripple很可能有机会避免为有机稳定的稳定稳定的努力采用。获取圈子将立即访问完全成熟的流动性网络，可信赖的储备基础架构以及在不断发展的受监管的加密金融生态系统中的综合位置。

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进一步解释了两家加密货币公司如何扮演互补的角色，当结合使用时，可以在新的数字金融世界中创造强大的力量。

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.

根据分析师的说法，Ripple已经拥有通过XRP Ledger及其CBDC平台为政府和金融机构提供跨境支付和CBDC解决方案的技术。但是，Ripple缺少的是一种主要的零售稳定股，并将其广泛集成到面向消费者的平台中，这是USDC填补的空白。

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:

作为最广泛采用的Stablecoins之一，是最受欢迎的稳定者之一，USDC完全受到美国国库的支持，并正在迅速集成到包括Robinhood和Visa在内的各种平台中。在美国政策讨论中通常被认为是合规数字的黄金标准。 Stellar Rippler补充说：

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.

获取圆圈不仅会给Ripple一个稳定的人。它将带来现成的付款导轨，监管商誉和现实世界实用程序网络。这样的举动将立即将波纹定位为面向零售的Stablecoins和Wholesale CBDC的默认结算层，模糊了当前分开的财务孤岛之间的界限。从本质上讲，Ripple不会与传统的银行和支付处理器竞争，他们将建立平行的金融体系。

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.

出现的一个关键问题是RLUSD在这种情况下的未来作用。如果Ripple拥有USDC，RLUSD会过时吗？根据Stellar Rippler的说法，两者可以作为分层金融体系结构的一部分共存。 USDC凭借其广泛的消费基础和商家一体化，将仍然是面向零售的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可以演变成专为机构流动性走廊，政府到银行的CBDC管道和企业级定居点而设计的批发铁路。

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

这种双稳定模型将提供涟漪出色的灵活性。通过容纳一个值得信赖的零售稳定币和一个优化的批发令牌，Ripple可以简化从微交易到中央银行定居点的所有内容，而无需依靠第三方