Markets, Ripple, Rlusd, News Earlier this year, the firm announced a collaboration with Chipper Cash to power crypto-enabled payments and confirmed that its USD-backed stablecoin, RLUSD, would roll out in African markets. 

Ripple is extending its institutional custody infrastructure to Africa through a new partnership with Absa Bank, one of South Africa’s largest financial institutions.

The deal makes Absa Ripple’s first major custody client on the continent and reflects growing institutional interest in tokenized assets across emerging markets.

Absa will use Ripple’s …

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