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Ripple is expanding its US dollar-backed stablecoin RLUSD into African markets through strategic partnerships with major fintech platforms. The move aims to leverage existing user bases for instant adoption while targeting institutional blockchain integration. With a market cap nearing $710 million, RLUSD seeks to establish itself as a key player in Africa’s digital finance landscape.
- Strategic partnerships with Chipper Cash, VALR, and Yellow Card provide instant access to millions of African users without building consumer trust from scratch
- Humanitarian pilot programs in Kenya with Mercy Corps Ventures use RLUSD for blockchain-based insurance against drought and rainfall risks
- Listings on major exchanges including Gemini, Kraken, and Bitstamp facilitate institutional adoption for payments, settlement, and collateral management
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