Ripple brings $ 700 million RLUSD to Africa with two climate -mitigate insurance pilots
Ripple, the Digital Asset Company that focuses on payments, expands the US dollar -backed ripple (Rlusd) To the institutions in Africa through new partnerships with Chipper Cash, Valr and Yellow Card.
The company said in a press statement on Wednesday that the operation program aims to give companies across the continent to reach a stable digital dollar designed for cross -border payments, liquidity and settlement on the series.
RLUUSD, which was launched in late 2024 and was issued by the Trust company in New York, organized by the State Department XRP book (XRP)and Rwa.xyz data He appears. Ripple said that the distinctive symbol can be used for treasury and transfers and as a guarantee for trading distinctive assets such as goods or securities.
Ripple’s expansion comes with the appearance of Stablecoins as a cheaper and faster alternative to traditional payment channels, especially in emerging markets where access to currencies and banking services is often reliable. In parts of Africa, the population is already using digital dollars such as USDT for savings or border transport, a a report By Castle Island and Brevan Howard said. RLUSD introduces an organized alternative that directly aims to institutional users, a sector that faces challenges in reaching stable liquidity in local currencies.
In parallel, Mercy Corps Ventures tests RLUSD in climate risk insurance initiatives in Kenya. In one experience, Stablecoin money is automatically released when satellite data indicates dehydration conditions. Another pilot secures rainfall, with the batches that caused harsh weather events.
Read more: Clablessoin Payments RAIL for $ 200 million to reinforce RLUSD
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