RLUSD (Ripple USD)
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Fintech Ripple secures $500m in new funding
Yahoo Financeยท 2025-11-06 08:32
Core Insights - Ripple has secured a $500 million capital injection, valuing the company at $40 billion, with investments from notable funds such as Fortress Investment Group and Citadel Securities [1] - The funding aims to strengthen Ripple's relationships with global financial partners and support its expanding product portfolio [1][2] - Ripple's CEO highlighted the investment as a reflection of the company's momentum and market opportunity [2] Funding and Valuation - The recent funding follows Ripple's $1 billion tender offer at the same valuation of $40 billion [2] - Ripple has repurchased over 25% of its outstanding shares in recent years to provide returns to early investors and employees [2] Acquisitions and Market Expansion - Ripple has completed six acquisitions in the past two years, including two valued over $1 billion, enhancing its services in payments, custody, and stablecoins [3] - The company has entered new markets such as prime brokerage and treasury management [3] Product Development - Ripple acquired Rail, a stablecoin infrastructure provider, integrating it into Ripple Payments, which now utilizes both RLUSD and XRP for cross-border transactions [4] - Ripple Payments has reported transaction volumes exceeding $95 billion, with RLUSD achieving a market capitalization of over $1 billion within its first year [4] Institutional Growth - The acquisition of Hidden Road, now Ripple Prime, is facilitating collateralized lending for XRP and increasing institutional trading of XRP-based products [5] - Ripple has expanded its RLUSD stablecoin into African markets through partnerships with Chipper Cash, VALR, and Yellow Card [5]