A recent post by prominent crypto influencer JackTheRippler has sparked a wave of speculation in the XRP community regarding the potential acquisition of Uphold by Ripple.
Speculation on Uphold's Acquisition
JackTheRippler claimed in his post on X (formerly Twitter) that 'Ripple will acquire major exchange Uphold Inc XRP', igniting intense discussions. While neither Ripple nor Uphold has confirmed the rumor, JackTheRippler's statement has drawn attention to a potential deal that could reshape the XRP ecosystem.
Uphold's Value to XRP
Uphold has become a cornerstone for XRP liquidity, holding over $4.5 billion in XRP, accounting for approximately 69% of its total cryptocurrency reserves. The exchange has processed more than 26 million XRP transactions, representing over 26% of the asset's overall transactional volume. With Uphold recently adding support for USDC on the XRP Ledger, its deep integration within the XRP ecosystem is undeniable.
Strategic Advantages for Ripple
Ripple is no stranger to strategic investments, previously acquiring a stake in Bitstamp. The acquisition of Uphold could provide Ripple with control of a highly compliant exchange with a global user base. This move could also support Ripple's deeper liquidity goals for RLUSD (Ripple's stablecoin) and further development of financial products built on the XRP Ledger.
Although the rumor of Ripple acquiring Uphold remains unverified, it raises important questions about the future of both companies in the cryptocurrency market. The community watches as events unfold.
