Why Did Ripple and Circle Both Invest in Flutterwave Within Weeks of Each Other?

Within a matter of weeks, two companies competing for dominance in the global stablecoin market have both invested in the same African payments company. It is a signal of where two of the industry’s biggest players believe the continent’s stablecoin infrastructure is heading. Flutterwave has secured a strategic investment from Circle Ventures and introduced USDC settlement across its platform, adding a second dollar-backed stablecoin settlement rail alongside the RLUSD