Ripple Backs Flutterwave at $3.2 Billion: Why RLUSD Won the Deal Over XRP

Blockchain giant Ripple joined the Series E investment round of African payments leader Flutterwave at a $3.2 billion valuation, but the settlement asset in the deal was the RLUSD stablecoin, not the XRP token. The large-scale partnership will cover 34 African countries, where the fintech giant has already processed more than one billion transactions worth over $50 billion.