Ripple’s RLUSD Stablecoin Expands to African Institutions: Key Implications for Finance

Ripple has expanded its USD-backed stablecoin, RLUSD, into the African market by forging partnerships with key institutions like Chipper Cash, VALR, and Yellow Card. This move follows a surge in demand from African institutional clients, pushing RLUSD’s market cap past $700 million. Ripple’s expansion demonstrates a strategic commitment to providing regulated stablecoins for various financial needs, including payments, liquidity, and tokenization across the continent.