- Trident Digital pursues stablecoin licenses in Africa, using XRP reserves.
- $500M funding supports XRP treasury.
- Plans to deepen Ripple ecosystem presence in Africa.
Trident Digital Tech Holdings Ltd, a Singapore-based company, plans to secure stablecoin licenses in Africa, leveraging XRP reserves to enhance Ripple USD adoption by mid-2026.
The initiative signifies strategic growth for Ripple in developing markets, promising increased blockchain integration in Africa and potential boosts in XRP’s liquidity and adoption.
Trident Digital Tech Holdings Ltd, a Singapore-based company, plans to obtain stablecoin licenses across Africa. The move is set to increase adoption of Ripple USD (RLUSD), supported by one of the world’s largest XRP corporate treasuries.
Trident Digital is raising $500 million for an XRP treasury. With a focus on Ripple USD (RLUSD), they aim to increase XRP Ledger (XRPL) activity, potentially impacting on-chain liquidity.
The initiative could enhance stablecoin usage across Africa, building on Trident’s prior projects like DRCPass in Congo. Market impacts could include increased local stablecoin liquidity.
The adoption of RLUSD may encourage financial transformation in African countries. However, impacts on Ethereum (ETH) and Bitcoin (BTC) are currently unreferenced, focusing primarily on XRP and RLUSD effects.
“Trident Digital Tech Holdings Ltd (NASDAQ: TDTH)…announced plans to pursue regulatory approvals for stablecoin operations across several African countries. The initiative aims to accelerate adoption of Ripple USD (RLUSD)” – Brad Burgess, SVP, ICR LLC, Trident Digital Tech Holdings Ltd (TDTH).
In discussions with regulatory authorities, Trident aims for phased rollouts by 2026. The company’s existing blockchain experiences, like the DRCPass system, showcase its capabilities.
Trident’s strategy aligns with prior Ripple initiatives in developing regions, intending to bolster the Ripple network. Historically, such moves have varied in influence depending on market dynamics.
