Africa Becomes Ripple’s Next Battleground For RLUSD Stablecoin

Reports have disclosed that Ripple has moved to introduce its US dollar–backed stablecoin, RLUSD, into African markets through deals with established regional fintech firms.

The token, which debuted in late 2024, now has a market capitalization of close to $710 million. That figure matters because it signals real capital backing the push, even if the coin still sits well below the largest stablecoins.

Fintech Partners Open Doors

Ripple’s rollout leans on three major fintech partners: Chipper Cash, VALR, and Yellow Card. These platforms already serve millions of users across the continent.

According to company statements, the partnerships give RLUSD instant rails into retail and business flows without Ripple having to build consumer trust from scratch.

Ham Serunjogi, CEO of Chipper Cash, said RLUSD is “uniquely positioned to accelerate institutional blockchain adoption across Africa and beyond.” That line frames the push as aimed more at banks and big payments firms than at casual traders.

1/ The next chapter for $RLUSD starts in Africa. → https://t.co/6gRqrdNwSW

We’re proud to bring our trusted, USD-backed stablecoin to the continent with new partners @chippercashapp, @VALRdotcom, and @YellowCard_App.