Ripple Returns to the Spotlight With $40B Valuation and RLUSD-Mastercard Partnership

Key Takeaways Ripple raised $500 million at a $40 billion valuation, led by Citadel Securities and Fortress. On the same day, the company unveiled a new partnership with Mastercard, WebBank, and Gemini. The collaboration will pilot stablecoin settlements on the XRP Ledger for fiat credit transactions. Ripple is back in the spotlight, and this time, it’s not for a courtroom drama. The blockchain payments company just secured $500 million in new funding, valuing the company at a staggering $40 bil ...