Ripple is expanding its U.S. dollar-backed stablecoin, Ripple USD (RLUSD), to institutions in Africa through partnerships with Chipper Cash, VALR, and Yellow Card. This move aims to provide businesses with access to a stable digital dollar for cross-border payments and liquidity. RLUSD, introduced in late 2024, has surpassed $700 million in supply and could be utilized for treasury operations and remittances. The stablecoin's introduction is timely, as it offers a regulated alternative to existing options like USDT in a region where access to reliable currencies is often limited. In addition, Mercy Corps Ventures is testing RLUSD in climate insurance initiatives in Kenya, where payouts are triggered by satellite data indicating drought or extreme weather conditions, integrating blockchain technology into critical risk management strategies.

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