Rumor: Ripple Is Set to Acquire XRP-Centric Exchange Uphold
Main Idea
A rumor suggests Ripple may acquire XRP-centric exchange Uphold, sparking speculation within the XRP community due to Uphold's significant role in XRP liquidity and Ripple's strategic interests.
Key Points
1. Crypto influencer JackTheRippler claimed Ripple will acquire Uphold, though neither company has confirmed the rumor.
2. Uphold holds over $4.5 billion in XRP, accounting for 69% of its crypto reserves, and has processed 26 million XRP transactions.
3. Uphold recently added support for USDC on the XRP Ledger, deepening its integration with the XRP ecosystem.
4. Uphold's CEO confirmed the company is considering a sale or IPO, with a valuation exceeding $1.5 billion and projected 2025 revenue of over $300 million.
5. An acquisition could align with Ripple's goals, such as enhancing liquidity for its stablecoin (RLUSD) and expanding XRP Ledger-based financial products.
Description
A new wave of speculation has gripped the XRP community following a bold claim by prominent crypto influencer JackTheRippler. In a recent X post, he stated, “Ripple will acquire major exchange Uphold Inc XRP,” igniting intense discussions about a potential acquisition that could significantly reshape the XRP ecosystem. JackTheRippler Sparks Acquisition Buzz Though neither Ripple nor Uphold has confirmed the rumor, JackTheRippler’s statement has drawn attention across the crypto space. His post a...
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