Crypto lawyer John E. Deaton We’ve added fuel to the XRP debate by publicly speculating that Uphold, the platform most synonymous with XRP support, could be snapped by major players.
He has a long list of potential buyers Coinbase, Kraken, Binance, GeminiRobin Hood, Ripple, and even from the traditional financial worlds such as JPMorgan, Goldman Sachs, Fidelity, City, and PayPal.
Support is in a rare position. According to the latest transparency data, XRP accounts for an astounding $4.544 billion in the platform’s total. This is about 69% of all assets held. XRP is at the heart of supportnot just a small part of that.
The platform also handles over 26 million XRP transactions, accounting for 26% of the total, but it’s still strong. Just this week, UPHOLD announced USDC support via the XRP ledger.
So the platform doesn’t just hold coins. It’s mainly XRP. The reserve ratio is 100.6%, which runs fully supported models and promotes already large XRPL activities without the need to build new rails.
Why is it not good?
But there’s one big catch. Uphold CEO Simon McLoughlin is known to be a huge fan of XRP and XRPFI Ecosystem. He is not just a supporter – he is a follower.
That personal conviction may make the acquisition difficult unless the buyer is willing to go far above the market rate. McLoughlin was able to hold the line or drive the asking price to the stratosphere.
Deaton’s appeal may be a bit stretchy, but it’s definitely worth noting with all the numbers, positioning and institutional interest in XRP infrastructure.
Also, don’t forget that Ripples Already there was a history of such acquisitions with minor stakes at Bitstamp, which later merged with Robinhood.
