Ripple Introduces RLUSD Stablecoin to the African Market
Date: 2025-09-05 Author: Gabriel Deangelo Categories: BUSINESS
Launched at the end of 2024, the RLUSD stablecoin has shown impressive growth in a short period of time. According to the company's Senior Vice President Jack McDonald, its market capitalization has already exceeded $700 million. The asset is especially in demand in the corporate sector, where it is used for international settlements and tokenization processes. Ripple recently included RLUSD in its Ripple Payments service, which expanded its functionality.
In addition to commercial use, RLUSD is gradually taking its place in social initiatives. In Kenya, this asset is used in Mercy Corps Ventures projects aimed at helping the population in extreme weather conditions. One of the areas is related to protecting farmers from drought: the stablecoin is stored in escrow accounts and is automatically released via smart contracts when the risk is confirmed by satellite data. Other initiatives involve supporting farmers during heavy rains and related difficulties.
The expansion of RLUSD on the African continent is actively supported by local financial players. Chipper Cash CEO Ham Serunjogi noted that cooperation with Ripple opens up the opportunity to make international transfers faster and cheaper than through traditional channels. African crypto exchange VALR has also added RLUSD to the list of tradable assets, which will allow its clients to use the stablecoin within the framework of the law.
The demand for such instruments is also confirmed by the management of Yellow Card. According to the company's head Chris Morris, clients are increasingly turning to stablecoins to have access to safer and more stable cross-border payments. Maurice emphasized that it is precisely because of inflationary processes and the devaluation of national currencies that traders in the region prefer digital assets backed by the dollar.
Thus, RLUSD has become not only a new element in the global financial infrastructure, but also an important tool for Africa, where it helps businesses, supports farmers and promotes the development of digital payments.
