Highly-rated blockchain payments infrastructure project, Ripple, has expanded its stablecoin Ripple USD (RLUSD) into Africa. This expansion is made possible through a collaboration with three African startups: payments platform Chipper Cash, exchange VALR, and stablecoin payments infrastructure platform Yellow Card.
Ripple’s Deepening Ties With Chipper Cash
Making RLUSD one of the stablecoins available on Chipper Cash is an extension of the relationship between the African-based payments gateway and the blockchain giant.
Earlier in March, Chipper Cash enabled Ripple Payments, tapping into Ripple’s experience with enabling enterprise-level cross-border payments. Now, RLUSD will become one of the stablecoins that Chipper Cash users can use for cross-border payments.
According to Ham Serunjogi, Co-Founder & CEO at Chipper Cash,
“We were keen to make RLUSD available to our clients as soon as possible. RLUSD is uniquely positioned to drive institutional use of blockchain technology across Africa and broader global markets, including through cross-border payments.”
Source: The Flip
VALR Broadens Offerings With RLUSD
Speaking about the decision to bring RLUSD to VALR, Farzam Ehsani, Co-Founder and CEO of VALR, said that the exchange is committed to providing customers with top-notch and compliant digital assets.
“The listing of RLUSD reflects our broader strategy to support trusted stablecoin options that serve the evolving needs of both institutional and retail clients seeking a reliable digital dollar for a growing range of use cases.”
He further added.
Source: My Broadband
Yellow Card: Driving Stablecoin Adoption in Africa With RLUSD
Yellow Card has built a reputation as a reliable stablecoin payments infrastructure provider. This explains why it is one of the first African platforms to support RLUSD.
According to Chris Maurice, Co-founder and CEO at Yellow Card,
“This listing reinforces our commitment to providing the most reliable and compliant payment infrastructure across Africa and the emerging markets. Offering a regulatory-compliant stablecoin like RLUSD is a natural step in our mission to deliver trusted, enterprise-grade solutions.”
He further added that RLUSD’s listing is a response to customers’ demand for trusted digital assets for cross-border transactions and treasury management.
RLUSD: One More Quality Option In Africa’s Stablecoin Market
From its launch in 2024, RLUSD has seen its market capitalization grow to over $600 million. With the stablecoin market in Africa worth $59 billion annually, there’s space for the Ripple stablecoin’s adoption to expand considerably.
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