Quick Breakdown:
- Ripple launches RLUSD stablecoin in Africa through Chipper Cash, VALR, and Yellow Card.
- RLUSD exceeds $700M market cap, driving cross-border payments and DeFi use cases.
- Mercy Corps pilots RLUSD in Kenya for blockchain-based drought and rainfall insurance.
Ripple has announced the rollout of its USD-backed stablecoin, Ripple USD (RLUSD), to Africa through strategic partnerships with Chipper Cash, VALR, and Yellow Card. The move marks a significant step in expanding enterprise-grade stablecoin access across the continent, following RLUSD’s rapid global adoption since launching in late 2024.
RLUSD, backed by cash and cash-equivalents and issued under New York regulatory oversight, has already surpassed $700 million in market capitalization. The stablecoin is designed to meet institutional standards of compliance, security, and transparency, making it suitable for a wide range of financial applications.
1/ The next chapter for $RLUSD starts in Africa.
→ https://t.co/6gRqrdNwSWWe’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
Growing Adoption Across African Markets
Ripple’s African rollout aligns with growing demand for trusted digital dollar solutions to support cross-border transactions, treasury management, and decentralized finance (DeFi) integration.
Chipper Cash CEO Ham Serunjogi said the partnership would accelerate affordable and efficient payments into Africa. VALR, the continent’s largest crypto exchange, confirmed it will list RLUSD to meet demand for compliant, institutional-grade digital assets. Meanwhile, Yellow Card emphasized its focus on reliable, regulatory-compliant infrastructure to drive adoption of stablecoins in emerging markets.
Jack McDonald, Ripple’s SVP of Stablecoins, noted that RLUSD is gaining traction across enterprise financial use cases, from tokenization to collateral management. Ripple has also integrated RLUSD into Ripple Payments, extending options for its institutional clients worldwide.
Stablecoin in Financial Innovation and Relief Programs
Beyond traditional finance, RLUSD is also being deployed in humanitarian projects. Mercy Corps Ventures is piloting RLUSD-backed climate insurance programs in Kenya, including drought and rainfall parametric insurance, where smart contracts automatically trigger payouts to farmers during extreme weather events.
Ripple is accelerating RLUSD’s global rollout with fresh partnerships, including Gemini. According to SEC filings, Ripple is backing Gemini’s planned U.S. public listing with a $75 million credit facility, expandable to $150 million. Once the first tranche is drawn, RLUSD will be integrated as a borrowing option within the facility, positioning the stablecoin as a new liquidity instrument for institutional finance.
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