Ripple Valued at $40 Billion After Major Funding Infusion

Blockchain payments firm Ripple has achieved a landmark valuation of $40 billion after securing a substantial $500 million funding round led by investment giants Citadel Securities and Fortress Investment Group. This milestone reflects the growing acceptance of blockchain technology within traditional financial markets, signaling increased institutional confidence in digital assets and DeFi innovations. Ripple’s new funding follows a recent surge in interest for its stablecoin offerings, with RLUSD, Ripple’s US-dollar backed stablecoin, currently ranking among the top 10 most popular stablecoins by market cap.