Ripple's regulatory-compliant stablecoin RLUSD, which was unveiled and gradually introduced by Ripple late last year, is rapidly spreading, particularly in emerging markets in Africa, and is emerging as a core asset for Ripple that complements XRP, according to analysis.
RLUSD is a regulatory-compliant stablecoin pegged 1:1 to the US dollar. Its market capitalization surpassed $1 billion in just over a year since its launch. Its strategy differentiates it from existing crypto assets by focusing on institutional payments and settlements rather than speculation.
Ripple officially announced its entry into the African market in September of last year, partnering with major fintech platforms such as Chipper Cash, Yellow Card, and VALR. In Africa, where dollar accessibility and foreign exchange stability are limited, RLUSD is being utilized as an infrastructure to reduce cross-border payment costs and speed up remittances.
Cryptocurrency analyst CryptoSensei commented on the 29th through X, saying, “RLUSD is a regulatory-compliant dollar rail designed for corporate payments, not speculation,” and that “stablecoins have already become essential financial tools in Africa.”
RLUSD's adoption follows the traditional financial system. Banks and payment service providers build the infrastructure first, and end users benefit from cryptocurrency technology without even being aware of it. Industry insiders predict that, "With Ripple focusing on regulatory compliance and institutional adoption, RLUSD is positioning itself as a core payment layer in regions with limited access to the dollar."
