Ripple CEO denies attempting to acquire Circle According to The Block, Brad Garlinghouse, CEO of Ripple, publicly denied at a Las Vegas conference that Ripple had proposed to acquire stablecoin issuer Circle, stating that the reports were untrue and stating that the transaction had never been considered. Previously, some media reported that Ripple had proposed a $4 to $5 billion acquisition offer. Circle responded that the company is not selling and is currently preparing to go public at a valuation of $7.2 billion, with plans to sell 32 million Class A common shares. Ripple launched its own stablecoin RLUSD in 2024, with a current market value of $310 million, far below USDC's $61.5 billion.