Ripple Acquiring Circle Would Lead To ‘Crypto Apocalypse,’ Warns Legal Expert

Description

Ripple’s expansion strategy this year has led to an attempt to acquire stablecoin issuer Circle. As ZyCrypto reported recently, the New York-based issuer of USDC, the second-largest stablecoin, held informal talks with stablecoin rival Ripple and its long-time partner, Coinbase, about a potential sale, with the company seeking at least $5 billion. While Ripple seems more aggressive and owns a huge hoard of XRP tokens, Coinbase may still have the edge, given its deep history with Circle. “If Coin...