Ripple has backed African payments leader Flutterwave with a Series E investment, valuing the company at $3.2 billion, and opted to use the RLUSD stablecoin for cross-border payments across 34 African markets instead of XRP.

Africa

Who

Ripple, Flutterwave, Olugbenga "GB" Agboola, Brad Garlinghouse, Stuart Alderoty

What

When

Tue, 16 Jun 2026 16:15:45 GMT · 1h 40m ago

Where

Africa ·

Why

Ripple and Flutterwave chose RLUSD for its exchange-rate predictability, which stablecoins provide, because freely floating cryptocurrencies like XRP carry high regulatory risks and price volatility.

The Frontline Impact

How this affects you

This strategic move by Ripple indicates a preference for stablecoins in large-scale business transactions to mitigate volatility and regulatory risks, even as the XRP Ledger serves as a technical rail. This approach could influence how other major companies adopt blockchain technologies for international payments.

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Verified Sources & Citations

U.Today
https://u.today/ripple-backs-flutterwave-at-32-billion-why-rlusd-won-the-deal-over-xrp
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