Ripple’s RLUSD Stablecoin Gains Traction in Africa: Targeting Institutional Payments

Ripple is bolstering its presence in the African market by expanding the availability of its RLUSD stablecoin. This move targets institutional users seeking secure and regulated digital payment solutions, a significant step towards enhancing financial infrastructure in the region. The stablecoin’s adoption is fueled by partnerships with Chipper Cash, VALR, and Yellow Card, who will facilitate its use for cross-border transactions, treasury management, and climate resilience programs.