Ripple Expands with RLUSD, Offering Stability to Africa’s Financial Challenges
Ripple is also addressing financial challenges on the African continent through its USD‑backed stablecoin, RLUSD. Officially available in Africa, RLUSD aims to tackle long‑standing issues such as high transaction fees, slow payment processing, and limited banking access.
Ripple’s strategic partnerships with companies like Chipper Cash, VALR, and Yellow Card are crucial to making this expansion possible.
In many African countries, the cost of financial services remains high, and access to them is limited. Workers abroad often see a significant portion of their remittances lost to fees before reaching their families. With 41 % of the African population lacking access to traditional banking, RLUSD offers an accessible and stable financial alternative, particularly in regions struggling with currency volatility and inflation.
RLUSD is pegged 1:1 to the U.S. dollar, providing individuals and businesses with a reliable option to overcome inflation and exchange rate issues. The stablecoin also helps bridge the gap for those without a bank account, empowering individuals to save and make transactions more efficiently.
Fragmentation and FOMO in the Stablecoin Space
Long also pointed to the growing fragmentation within the stablecoin space. As both traditional financial institutions and blockchain companies rush to create unique branded stablecoins, the market risks becoming overcrowded.
This fragmentation could ultimately mean that only the most innovative solutions will succeed while others may fade into obscurity.
Ripple’s perspective on the current state of stablecoins underscores the need for more than just token launches. The market must evolve beyond speculative behavior and focus on real use cases to ensure that only valuable, sustainable projects thrive.

