Particle.news
Download on the App Store
6 ARTICLES
·
2h ago

Ripple Rolls Out $700 Million RLUSD in Africa With Chipper Cash, VALR and Yellow Card

Ripple positions its NYDFS-regulated dollar token as compliant rails for institutions in emerging markets.

Image
Ripple brings $700m rlusd stablecoin to africa, trials extreme weather insurances
Image
Image

Overview

  • Chipper Cash, Yellow Card, and VALR will integrate RLUSD to support institutional trading and payments across their platforms.
  • RLUSD’s circulating supply has surpassed $700 million since its late-2024 launch, with distribution on Ethereum and the XRP Ledger.
  • Issued by a New York trust company regulated by the NYDFS, RLUSD is aimed at cross-border payments, treasury management, tokenization, and collateral use.
  • Mercy Corps Ventures is piloting climate insurance in Kenya using escrowed RLUSD and smart contracts triggered by satellite and weather data for drought and rainfall events.
  • The African expansion follows an August distribution deal with Japan’s SBI as Ripple moves to compete in markets where Tether’s USDT currently dominates stablecoin activity.