Particle.news
Download on the App Store
9 ARTICLES
·
last wk.

Ripple Rolls Out RLUSD in Africa Through Chipper Cash, VALR and Yellow Card

New York–regulated RLUSD surpasses $700 million in circulation to serve institutional payments.

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

Overview

  • Ripple will distribute RLUSD via Chipper Cash, VALR and Yellow Card to support cross-border payments, liquidity and on-chain settlement for institutions across the continent.
  • Mercy Corps Ventures is piloting RLUSD in Kenya for climate insurance, with smart contracts releasing escrowed funds when satellite data indicates drought or extreme rainfall.
  • RLUSD’s circulating supply exceeds $700 million on Ethereum and the XRP Ledger, with listings on exchanges such as Gemini, Kraken, Bitstamp and Mercado Bitcoin and collateral support on Aave Horizon.
  • Ripple says enterprises are using the stablecoin for payments, tokenization, collateral and treasury operations, and RLUSD has been added to Ripple Payments.
  • Tether’s USDT processes more than half of Africa’s stablecoin transactions, underscoring competition as RLUSD rolls out in phases by jurisdiction.