Ripple is a popular crypto company that builds payment and financial infrastructure using blockchain technology. The firm is building a one-stop shop for institutions to access fiat currencies, cryptocurrencies, stablecoins, and asset custody services.
The company has processed more than $100 billion in payments as of March 9. It serves more than 60 markets and 51 real-time financial rails.
Related: Ripple executive touts one-stop shop for XRP ecosystem
Ripple to buy back $750 million in shares
As per a recent Bloomberg report , Ripple has kicked off a new share buyback program that raises its valuation by 20%.
The goal is to buy back up to $750 million in shares from investors and employees at a valuation of $50 billion through a tender offer expected to run through April, anonymous sources familiar with the matter told the publication.
The company last raised $500 million from Citadel Securities and Fortress Investment Group among other investors at a valuation of $40 billion in November last year.
It means the latest share share buyback would raise Ripple's valuation by 20%.
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XRP unmoved by latest news
The team behind Ripple developed and launched a blockchain network called the XRP Ledger. The network's native token is XRP , which is the world's fifth-largest cryptocurrency with a market capitalization of $84.5 billion.
The latest news didn't have any positive impact on XRP's price as it trades at $1.38 at the time of writing.
RLUSD is a USD-pegged stablecoin launched by Ripple in December 2024. The value of one RLUSD is the same as that of one dollar. It has a market cap of $1.5 billion, cementing its status as one of the major stablecoins.
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This story was originally published by TheStreet on Mar 12, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.
