Summary
- The founder of Cardano claimed that if Ripple acquires Circle, it would have a positive impact on the cryptocurrency industry.
- Charles Hoskinson mentioned the current closed ecosystem and emphasized that such an acquisition could increase diversity in the industry.
- News of informal negotiations between Circle and Ripple has drawn attention in the cryptocurrency market.
The founder of Cardano (ADA) claimed that if Ripple acquires Circle, it would have a positive impact on the cryptocurrency industry. Circle is the issuer of the dollar-based stablecoin USD Coin (USDC).
According to U.Today on the 25th (local time), Charles Hoskinson, the founder of Cardano, stated on his YouTube broadcast 'Ask Me Anything (AMA)' that "Ripple's acquisition of Circle would have a positive impact on the industry as a whole."
He said, "The current ecosystem built by Coinbase, Andreessen Horowitz (a16z), and Circle is very closed," adding, "Projects outside find it difficult to get listed and secure liquidity." He emphasized, "If Ripple acquires Circle, the monopolistic structure will be resolved, and more diversity can occur in the industry."
Meanwhile, Fortune previously reported, citing sources, that Circle has entered into informal negotiations with Ripple for a corporate sale.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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