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Ripple’s RLUSD Challenges USDT’s Dominance in Africa


Ripple’s RLUSD Challenges USDT’s Dominance in Africa

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  • Ripple has expanded RLUSD stablecoin to Africa with Chipper Cash, VALR, and Yellow Card.
  • RLUSD supply has surpassed $700 million across Ethereum and XRP Ledger.
  • RLUSD offers a regulated stablecoin alternative to USDT for institutions.

Ripple is extending the reach of its US dollar-backed stablecoin, Ripple USD (RLUSD), into Africa through new partnerships with fintech platforms Chipper Cash, VALR, and Yellow Card. The move gives institutions and businesses across the continent access to a regulated, high-quality digital dollar for payments, liquidity, and on-chain settlement.

RLUSD – Regulated Alternative for the Booming African Market

Launched in late 2024, RLUSD is issued by a New York trust company regulated by the state’s Department of Financial Services.

According to RWA.xyz data, the token has grown to more than $700 million in suppl…

The post Ripple’s RLUSD Challenges USDT’s Dominance in Africa appeared first on Coin Edition.

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In This News

Coins

$ 1.80K

+0.77%

$ 1.09

-0.92%

$ 0.99932

+0.01%

$ 0.00737

+3.85%

$ 0.00...361


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