Well, it looks like Ripple has decided to take the plunge into Africa’s fintech pool, and no, they’re not just dipping a toe. The tech giant has reportedly teamed up with local fintech heroes-Chipper Cash, VALR, and Yellow Card-aiming to introduce their US dollar-backed stablecoin, RLUSD, to the bustling African market. With a market cap nearing $710 million, it’s not exactly pocket change, but it’s still a far cry from the titans in the stablecoin world. However, this move is far from a shot in the dark. It’s a well-calculated play, and that figure is a sign of real capital backing this initiative-no “play money” here.
Fintech Partners Open Doors
Ripple’s strategy is simple enough: Partner up with fintech giants who already have millions of users. That way, they get instant access to retail and business flows without having to do the whole “build trust from scratch” thing. It’s kind of like crashing a party where everyone already knows your name. And apparently, the plan is working-Ham Serunjogi, the CEO of Chipper Cash, claims RLUSD is “uniquely positioned to accelerate institutional blockchain adoption across Africa and beyond.” In other words, it’s not really meant for the average Joe; Ripple’s eyeing the big bucks-banks, institutions, and giant payment firms.
1/ The next chapter for $RLUSD starts in Africa.
→We’re proud to bring our trusted, USD-backed stablecoin to the continent with new partners @chippercashapp, @VALRdotcom, and @YellowCard_App.
Together, we’ll unlock new potential for cross-border…
– Ripple (@Ripple) September 4, 2025
Humanitarian Pilots Take Center Stage
But wait-Ripple isn’t all about making a quick buck. Oh no. They’re also using RLUSD for some seriously heartwarming humanitarian efforts in Kenya. Reports suggest that Mercy Corps Ventures is running pilot programs that use the stablecoin for blockchain-based insurance products, helping protect against the financial impact of droughts and rainfall risks. Sure, these programs are still in their infancy, but they show that stablecoins could help where it’s needed most-helping African farmers deal with climate shocks. And let’s face it, for many users, practical, low-cost payment solutions matter more than the token’s market cap.
Listings And Institutional Aims
And of course, Ripple is not just focused on humanitarian efforts-they want RLUSD to be everywhere. It’s been listed on platforms like Gemini, Kraken, Bitso, and even CoinMENA. This isn’t just about getting it onto a few exchange apps for your weekend trading habits; Ripple is eyeing institutional adoption. The listings make RLUSD accessible for payments, settlements, and collateral management. Jack McDonald, SVP of Stablecoins at Ripple, says demand is growing across payments, tokenization, and collateral markets. Ripple clearly wants RLUSD to play in the big leagues.
If you’re wondering whether RLUSD is catching on-well, sort of. On-chain metrics show a surge in activity, with monthly transactions jumping from $120 million in July to $194 million in August. Not bad for a newcomer, right? However, let’s not get too carried away. These numbers are tiny compared to the billions being processed by Ethereum and Tron each month. So, while RLUSD is gaining momentum, it’s still a toddler trying to catch up to the big kids on the playground.
Read More
- Cardano’s Chaotic Dance: Will ADA Finally Break Free? 🕺📉
- HYPE PREDICTION. HYPE cryptocurrency
- Crypto Thieves in Suits
- USD ILS PREDICTION
- EUR ILS PREDICTION
- Coinbase’s Audacious New York Crypto Gambit—Four Oddballs Enter the Ring! 🎩🗽
- Bitcoin’s Price Moves So Slowly Even Tolstoy Could Keep Up — The Next Plot Twist Awaits!
- Cardano: Is ADA About to Explode or Are We Getting Played Again? Find Out!
- Wait, No Short Liquidations for XRP? You Won’t Believe This Drama!
- BNSOL PREDICTION. BNSOL cryptocurrency
2025-09-06 05:17