Particle.news
Download on the App Store
12 ARTICLES
·
4w ago

Ripple Rolls Out RLUSD Stablecoin Across Africa With Chipper Cash, VALR and Yellow Card

Backed by New York oversight, the dollar token targets institutional payments with supply now above $700 million.

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

Overview

  • Ripple said Chipper Cash, VALR and Yellow Card will integrate RLUSD to support trading, payments and cross-border settlements for institutional users.
  • On-chain and market reports place RLUSD’s circulating supply and market capitalization above $700 million since its late‑2024 launch.
  • Mercy Corps Ventures is testing RLUSD in Kenya for climate‑risk insurance, using escrowed funds and smart contracts that trigger payouts from satellite and weather data.
  • Issued by a New York limited‑purpose trust with NYDFS approval, RLUSD is pitched for treasury operations, remittances, tokenization and use as collateral.
  • Major exchange listings and integrations, including Kraken, Gemini, Bitstamp and Ripple Payments, aim to build liquidity as Ripple offers a regulated alternative to USDT in African markets.