Ripple may be on the verge of a significant deal, planning to acquire Circle, the developer of the stablecoin USDC. This could affect the stablecoin market and the value of XRP.
The Ripple and Circle Deal
Ripple is considering the acquisition of Circle, which could reshape the stablecoin market with a market cap of $61 billion. This follows Ripple's recent $1.25 billion purchase of Hidden Road. The terms of the deal with Circle are said to range between $6 billion and $11 billion.
ChatGPT and Grok's Predictions for XRP Price
According to predictions by ChatGPT, if the deal goes through successfully, the price of XRP could reach $3.50 to $4.50. More optimistic scenarios suggest it could rise to $6 to $10 with increased utilization of XRP in international settlements. Grok also aligns with ChatGPT's forecasts, expecting similar price points for XRP.
Reasons for Ripple's Interest in Circle
Ripple aims to acquire Circle to strengthen its position in the stablecoin market and ensure control over digital dollar liquidity. The combination of RLUSD and USDC would provide Ripple with a competitive edge, attracting more banks and financial institutions to its ecosystem.
Ripple's potential acquisition of Circle could significantly alter the stablecoin landscape and impact XRP's price dynamics, creating new opportunities for the company.
