Ripple’s RLUSD Heads to Africa via Trident’s $500M XRP Push
- Trident aims to secure stablecoin licenses to deploy RLUSD across several African nations by mid-2026.
- The firm plans to raise $500M for a corporate XRP treasury, aligning closely with Ripple’s ecosystem.
- Ripple’s earlier CBDC pilots and stablecoin projects in emerging markets give context to Trident’s RLUSD initiative.
NASDAQ-listed Trident Digital Tech Holdings (TDTH) has announced plans to push for the adoption of Ripple’s stablecoin, RLUSD, across multiple countries in Africa.
To this end, the company will apply for regulatory approvals to operate the Ripple issued dollar-pegged stablecoin to boost digital payments and financial inclusion across Africa.
A $500 Million XRP Treasury to Back the Push
Backing this initiative, Trident plans to raise up to $500 million to create one of the largest corporate XRP treasuries on record, Trident plans to raise up to $500 million to establish one of the largest corporate XRP treasuries. It will leverage staking to integrate closely with the Ripple ecosystem and signal its commitment to decentralized finance.
This isn’t Trident’s first foray into the continent. The company has already deployed a digit…
The post Ripple’s RLUSD Heads to Africa via Trident’s $500M XRP Push appeared first on Coin Edition.
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Ripple’s RLUSD Heads to Africa via Trident’s $500M XRP Push
- Trident aims to secure stablecoin licenses to deploy RLUSD across several African nations by mid-2026.
- The firm plans to raise $500M for a corporate XRP treasury, aligning closely with Ripple’s ecosystem.
- Ripple’s earlier CBDC pilots and stablecoin projects in emerging markets give context to Trident’s RLUSD initiative.
NASDAQ-listed Trident Digital Tech Holdings (TDTH) has announced plans to push for the adoption of Ripple’s stablecoin, RLUSD, across multiple countries in Africa.
To this end, the company will apply for regulatory approvals to operate the Ripple issued dollar-pegged stablecoin to boost digital payments and financial inclusion across Africa.
A $500 Million XRP Treasury to Back the Push
Backing this initiative, Trident plans to raise up to $500 million to create one of the largest corporate XRP treasuries on record, Trident plans to raise up to $500 million to establish one of the largest corporate XRP treasuries. It will leverage staking to integrate closely with the Ripple ecosystem and signal its commitment to decentralized finance.
This isn’t Trident’s first foray into the continent. The company has already deployed a digit…
The post Ripple’s RLUSD Heads to Africa via Trident’s $500M XRP Push appeared first on Coin Edition.
Read More
Ripple to Acquire Stablecoin Platform Rail for $200 Million