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# RLUSU
278
BasheerAlgundubi
#Ripple Company raises $500 million, boosting its market value to $40 billion
#XRP announced that it has raised $500 million in a funding round led by Fortress and Citadel Securities, bringing the company's estimated valuation to around $40 billion.
This follows a previous $1 billion funding offer the company made earlier this year at the same valuation.
Ripple is benefiting from the new regulatory approach in the United States following the passage of the #ريبل law, which established a clear framework for stablecoins. This has encouraged larger financial institutions to adopt Ripple USD #G
#XRP announced that it has raised $500 million in a funding round led by Fortress and Citadel Securities, bringing the company's estimated valuation to around $40 billion.
This follows a previous $1 billion funding offer the company made earlier this year at the same valuation.
Ripple is benefiting from the new regulatory approach in the United States following the passage of the #ريبل law, which established a clear framework for stablecoins. This has encouraged larger financial institutions to adopt Ripple USD #G
XRP-1,39%
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