Ripple Secures $500 Million to Fuel Stablecoin Expansion

Ripple Labs has secured a substantial $500 million funding round, boosting its valuation to $40 billion. This investment comes from Fortress Investment Group and Citadel Securities, driving forward the company’s stablecoin development and global payment initiatives post-settlement of legal disputes with the SEC. The raise underscores growing institutional support for the expanding world of stablecoins and their potential in global payments.