Ripple Lands $500M Power Move as Fortress and Citadel Back $40B Valuation

TLDR: Ripple closed a $500 million investment led by Fortress and Citadel at a $40 billion company valuation. The funding followed Ripple’s $1 billion tender offer and six acquisitions over the past two years. Ripple’s payment volume surpassed $95 billion while its RLUSD stablecoin hit a $1 billion market cap. CEO Brad Garlinghouse said the [...]

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