Ripple Remains Private, Focuses Growth Through Funding and Partnerships

Ripple has ruled out an immediate IPO, prioritizing a sustained focus on expanding its payments business and stablecoin initiatives. A recent $500 million funding round increased the company’s valuation to $40 billion, attracting investments from major players like Fortress Investment Group and Citadel Securities. This funding will be used to further develop Ripple’s RLUSD stablecoin for real-world payment applications, pilot programs with partners including Mastercard and Gemini are underway. Ripple has no immediate plans for an IPO as it seeks to solidify its financial footing and expand its market presence through organic growth.