Ripple Expands $RLUSD Stablecoin Access to Africa
Ripple, an American technology company which provides digital asset infrastructure for financial institutions, has made its $RLUSD, a USD-backed stablecoin, available to African institutions through New partnerships with Chipper Cash, VALR and Yellow Card.
Ripple seeks global adoption for the $700 million market capitalisation stablecoin and sees the African crypto space as a lively industry for the growth of RLUSD.
Stablecoin users believe that RLUSD and the already available Tether’s USDT and Circle’s USDC will help institutions and individuals facilitate faster, cost-effective, and safer cross-border payments. Also, it will serve as a hedge against inflation which undermines the African currencies.
With this partnership, Ripple brings to the African cryptocurrency industry many years of experience working with crypto and traditional finance, as well as the utility, trust, and compliance of the RLUSD stablecoin.
While commenting on the new development, Farzam Ehsani, Co-Founder and CEO of VALR.m stated that: “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.”
In the same vein, Chris Maurice, CEO and Co-Founder at Yellow Card, said the listing reflects Yellow Card’s commitment to promoting a reliable and compliant payment infrastructure across the African continent.
Chris Maurice added that Yellow Card’s customers have been longing for stable digital assets that can facilitate hassle-free cross-border payments and treasury management. “Offering a regulatory-compliant stablecoin like RLUSD is a natural step in our mission to deliver trusted, enterprise-grade solutions,” Chris Maurice said.
Moreover, this partnership is a continuation of Ripple’s efforts to promote a viable payment structure in Africa which leverages digital assets for faster, cheaper, more efficient cross-border payments.
In March 2025, Ripple partnered with Chipper Cash for cross-border payments into Africa using Ripple Payments. This enables Chipper Cash’s customers to receive round-the-clock funds from around the world.
