Ripple invests in African fintech Flutterwave to push RLUSD stablecoin and XRP Ledger into cross-border payments

Ripple invested in African payments firm Flutterwave (valued at $3.2 billion) and will integrate its RLUSD stablecoin and XRP Ledger into Flutterwave's infrastructure for faster, cheaper cross-border payments across Africa.

• Flutterwave's Series E funding round values the company at $3.2 billion; Ripple's stake size was not disclosed.
• Flutterwave will integrate Ripple's RLUSD stablecoin and connect to the XRP Ledger for transaction settlement.
• The deal targets Africa's cross-border payments market, where stablecoins are increasingly used for dollar liquidity.
• RLUSD currently has $1.6 billion in supply, growing 20% this year but trailing Tether, Circle and Paxos.

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