Ripple is expanding the reach of its stablecoin Ripple USD to African markets, partnering with payment providers Chipper Cash, VALR, and Yellow Card. RLUSD, backed by the U.S. dollar and issued by a New York-regulated trust company, has grown to over $700 million in supply across Ethereum and the XRP Ledger.
Ripple says the stablecoin will support cross-border payments, on-chain liquidity, and institutional settlement.
Launched in late 2024, RLUSD is aimed at businesses and institutions rather than retail users. Its expansion to Africa comes as stablecoins gain traction as cheaper and faster alternatives to traditional payment systems.
Many Africans already use stablecoins like USDT for savings and cross-border transfers, according to a recent Castle Island report. Ripple argues RLUSD offers a regulated and secure option for institutions facing liquidity challenges in local currencies.
The rollout underscores Ripple’s push to bridge traditional finance with blockchain, while testing new use cases like extreme-weather insurance.
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