Flutterwave's valuation reaches $3.2 billion as Ripple integrates RLUSD and XRP Ledger to enhance cross-border payments in Africa.
By Krisztian Sandor|Edited by Nikhilesh De Jun 16, 2026, 3:35 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Ripple CEO Brad Garlinghouse at Consensus Miami 2026 (CoinDesk)SummaryShow- Ripple has made a strategic investment in Flutterwave, raising the fintech's valuation to $3.2 billion.
- The partnership will see the integration of Ripple's RLUSD stablecoin and XRP Ledger into Flutterwave's payment systems.
- The collaboration aims to facilitate quicker and more affordable cross-border transactions for businesses.
Ripple, known for its XRP Ledger (XRP) network, has made a significant investment in Flutterwave, an African payments company, as part of its Series E funding initiative, aimed at promoting the adoption of stablecoins for international transactions.
On Tuesday, Flutterwave announced that this funding round has valued the company at $3.2 billion, although the specific financial terms of Ripple's investment remain undisclosed.
As part of the deal, Ripple's RLUSD, a stablecoin pegged to the U.S. dollar, will be integrated into Flutterwave's payment platform, enabling businesses to conduct some international transactions using digital dollars rather than depending entirely on conventional banking systems.
Additionally, Flutterwave will connect with Ripple Payments, utilizing Ripple's global payment network and the XRP Ledger blockchain for transaction processing.
The collaboration is intended to simplify and reduce costs for businesses across Africa when it comes to international money transfers.
This agreement underscores the increasing significance of stablecoins in global payments, which is rapidly becoming one of the most prominent applications within the digital asset sector. Although cryptocurrencies are typically linked to trading, stablecoins are finding a growing user base among businesses and individuals for cross-border transactions and managing dollar liquidity in areas where access to foreign currencies is restricted.
Reece Merrick, managing director for MEA at Ripple, remarked, "Flutterwave has established one of the most sophisticated payment networks in Africa, and as its infrastructure progresses, stablecoins are becoming integral to that evolution. Our investment will embed RLUSD within that framework, enabling Flutterwave to enhance stablecoin transactions over the XRPL and solidifying its role as a settlement layer for practical payments throughout the continent."
For Ripple, this investment broadens the reach of RLUSD in a region where remittances and cross-border trade are crucial economic components. Currently, RLUSD holds a supply of $1.6 billion, having grown over 20% this year, though it still trails competitors like Tether, Circle, and Paxos, according to data from RWA.xyz. The global supply of stablecoins has now reached $300 billion.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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