Chipper Cash Brings Ripple’s Enterprise-Grade Stablecoin to African Markets
RLUSD sets the standard for stablecoins, combining innovative functionality with the regulatory rigor and credibility of an NYDFS-issued New York limited purpose trust company, further highlighting Ripple’s leadership in fostering trust and transparency in digital assets.
Ripple, the leading provider of digital asset infrastructure for financial institutions, is making its enterprise-grade, USD-backed stablecoin Ripple USD (RLUSD) available to retail customers and institutions in Africa through a new manifestation of its partnership with Chipper Cash.
RLUSD was created with trust, utility, and compliance at its core, and backed by Ripple’s many years of experience working with both crypto and traditional finance. Since its launch in late 2024, RLUSD has experienced strong global adoption, approaching $700 million in market capitalization, underlining demand for a compliance-first USD-backed stablecoin. RLUSD sets the standard for stablecoins, combining innovative functionality with the regulatory rigor and credibility of an NYDFS-issued New York limited purpose trust company, further highlighting Ripple’s leadership in fostering trust and transparency in digital assets.
“RLUSD has quickly become established in enterprise financial use cases, from payments to tokenization to collateral in both crypto and traditional trading markets. We’re seeing demand for RLUSD from our customers and other key institutional players globally and are excited to now begin distribution in Africa through our local partners. We also recently enabled RLUSD in Ripple Payments, extending the breadth of stablecoins available in our cross-border payments solution to better serve our customers in Africa and worldwide.”
– Jack McDonald, SVP of Stablecoins, Ripple
“After establishing our partnership with Ripple earlier this year to support faster, cheaper, more efficient cross-border payments into Africa, we were keen to make RLUSD available to our clients as soon as possible. RLUSD is uniquely positioned to drive institutional use of blockchain technology across Africa and broader global markets, including through cross-border payments.”
– Ham Serunjogi, Co-Founder & CEO, Chipper Cash
RLUSD is ideal for a number of enterprise financial use cases including facilitating instant settlement of cross-border payments; accessing liquidity for remittance and treasury operations; integrating with decentralized finance (DeFi) protocols; reliably bridging between fiat currencies and the crypto ecosystem, ensuring seamless and efficient transitions when entering (on-ramping) or exiting (off-ramping) the crypto space; and providing collateralization for trading tokenized real-world assets such as commodities, securities, and treasuries onchain.
