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- Ripple expands its stablecoin RLUSD into Africa with Chipper Cash, VALR, and Yellow Card.
- RLUSD adoption crosses the $700 million market cap within a year of launch.
- Pilot projects in Kenya showcase RLUSD’s role in climate resilience initiatives.
Ripple has taken another step in its global growth strategy by introducing its USD-backed stablecoin, Ripple USD (RLUSD), to African markets. The company announced new partnerships with Chipper Cash, VALR, and Yellow Card to expand institutional access across the continent. This development aims to provide reliable digital dollar infrastructure for payments, remittances, and treasury operations.
RLUSD has seen rampant growth worldwide since its fourth-quarter 2024 launch. With institutions insisting on a compliance-first digital asset, the stablecoin now has over $700 million in market cap. RLUSD was designed by Ripple with trust and transparency as its consideration, including strong regulatory oversight as part of the offering.
Africa shows growing demand for safe and reliable cross-border payment platforms, making it a key area for Ripple’s expansion. Ripple works through established domestic counterparts to help institutions onboard RLUSD with confidence in its usability and compliance.
RLUSD Bridges Fiat and Crypto Markets Across the Continent
Africa deployment of RLUSD will enhance cross-border settlements, particularly where the traditional payment networks remain costly and inefficient. Institutions capitalize on the stablecoin to settle in real time, manage liquidity more effectively, and integrate seamlessly with decentralized finance platforms.
Platforms like VALR and payment institutions such as Yellow Card align with the growing interest in reputable digital dollar solutions by adopting RLUSD. Companies recognize stablecoins as connectors between the fiat system and the crypto space, giving institutions trustworthy tools to manage treasuries and enter markets.
Ripple’s previous cooperation with Chipper Cash already revolved around savings through minimizing money transfer delays. RLUSD’s availability now introduces an additional level of efficacy by offering a compliant, enterprise-grade stablecoin for the continent’s financial flows.
RLUSD Supports Farmers in Kenya With Blockchain Insurance
Besides ordinary uses, Ripple is growing RLUSD’s potential for social impact programs. In Kenya, for example, Mercy Corps Ventures is piloting projects using RLUSD to assist agriculture communities struck by adverse weather. In one program, it provides drought insurance with the disbursement funds automatically by smart contract with the input data received by satellites.
Another pilot extends rainfall insurance with the same mechanism, cultivating a faster and more transparent support mechanism. These pilots uncover the potential for RLUSD to expand beyond financial markets. By applying blockchain technologies for climate resilience, Ripple is also expanding the role for digital assets in solving real-world challenges.
Worldwide, RLUSD remains listed on reputable exchanges such as Kraken, Gemini, and Bitstamp. Ripple drives momentum by presenting RLUSD as a compliant and trustworthy stablecoin that attracts institutions, increases cross-border settlement, and unlocks global innovation.
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