Ripple is broadening the footprint of its US dollar-backed stablecoin, RLUSD, in Africa by partnering with key fintech firms Chipper Cash, VALR, and Yellow Card. Launched in late 2024 and regulated in New York, RLUSD is designed for institutional users to facilitate compliant cross-border payments, treasury management, and asset trading. The stablecoin is already utilized in innovative real-world applications such as climate risk insurance programs in Kenya. Ripple's push aligns with global trends towards stablecoin adoption amid growing regulation, spotlighted by recent federal legislation in the US and growing interest from major players in the payments industry.
Continue to read Ripple Accelerates African Expansion with RLUSD Stablecoin through Strategic Fintech Partnerships
Ripple is broadening the footprint of its US dollar-backed stablecoin, RLUSD, in Africa by partnering with key fintech firms Chipper Cash, VALR, and Yellow Card. Launched in late 2024 and regulated in New York, RLUSD is designed for institutional users to facilitate compliant cross-border payments, treasury management, and asset trading. The stablecoin is already utilized in innovative real-world applications such as climate risk insurance programs in Kenya. Ripple's push aligns with global trends towards stablecoin adoption amid growing regulation, spotlighted by recent federal legislation in the US and growing interest from major players in the payments industry.
Continue to read Ripple Accelerates African Expansion with RLUSD Stablecoin through Strategic Fintech Partnerships
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