Jack McDonald senior vice-president of Ripple Stablecoins boasted that after the RLUSD, at the end of 2024, this stabilcoin began to spread rapidly around the world, and its market capitalization has already exceeded $ 700 million. It was especially popular in corporate finance-it is used for payments and tokenization. Recently, the company added Rlusd to the Ripple Payments service, McDonald said.
The Ripple management reported that Rlusd began to be used in pilot projects to provide assistance in extreme weather conditions – these projects are implemented by Mercy Corps Ventures in Kenya. In another RLUSD project, it serves as a drought for farmers. Stablecoin is stored on an escrow count and if satellite data confirm the probability of drought, the coin is available through smart contracts. Another project is going to use RLUSD for financial support for farmers during severe precipitation.
CHIPPER CASH CEO HAM SERUNJOGI hopes that partnership with Ripple will make transboundary payments and money transfers faster and cheaper. The co -founder of the African crypto -tank Valr Farzam Ehsani said that his platform added Rlusd to the listing, which means that the exchange customers will gain access to the cryptoactive that meets the requirements of the law.
The head of the African Cryptform of Yellow Card, Chris Maurice, said that his retail and corporate clients began to increase access to stablecoins that would be useful for safe payments abroad. Earlier, Maurice said that African traders prefer stablecoins due to growing inflation and devaluation of local currencies.
Source: Bits
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