Markets.News
Ripple is making a move into Africa's lucrative $205 billion cryptocurrency market by forming partnerships for its RLUSD stablecoin and custody solutions. Meanwhile, XRP (CRYPTO: XRP) is being tested as it hovers around the $1.30 support level, which has proven resilient in recent weeks. Sub-Saharan Africa saw a significant increase in on-chain value, surpassing $205 billion between July 2024 and June 2025, marking a 52% year-over-year growth. Nigeria ranked 6th and Ethiopia 12th in the 2025 Global Crypto Adoption Index. Ripple's RLUSD stablecoin is gaining traction in Africa through collaborations with Mercy Corps Ventures in Kenya and others like Chipper Cash, VALR, and Yellow Card for institutional access. Additionally, Absa Bank has inked a partnership for Ripple Custody services. According to Ripple's 2026 survey, 57% of finance leaders prefer partners that offer custody, orchestration, and compliance services integrated, rather than managing them separately. Furthermore, eight African countries have already implemented crypto-specific regulations, with more countries moving towards establishing formal frameworks.