according to the materials from the site - By Marketbit.io
The Singaporean company Trident Digital Tech Holdings Ltd plans to obtain licenses for stablecoins in Africa, using XRP reserves to accelerate the adoption of Ripple USD by mid-2026.
This initiative symbolizes Ripple's strategic growth in emerging markets, promises to enhance blockchain integration in Africa, and potentially increases liquidity and the adoption level of XRP.
Trident Digital is raising $500 million to create an XRP treasury. By focusing on Ripple USD (RLUSD), the company aims to boost activity on the XRP Ledger (XRPL), which could potentially impact liquidity in the blockchain.
This initiative may contribute to the growth of stablecoin usage in Africa, building on previous Trident projects such as DRCPass in Congo. Market impact may include increased local stablecoin liquidity.
The adoption of RLUSD could stimulate financial transformation in African countries. However, the impact on Ethereum (ETH) and Bitcoin (BTC) is not currently being considered, with a primary focus on XRP and RLUSD.
"Trident Digital Tech Holdings Ltd (NASDAQ: TDTH)… announced plans to obtain regulatory approvals for stablecoin operations in several African countries. This initiative aims to accelerate the adoption of Ripple USD (RLUSD)," said Brad Burgess, Senior Vice President of ICR LLC, Trident Digital Tech Holdings Ltd (TDTH).
In negotiations with regulators, Trident plans a phased implementation by 2026. The company's existing blockchain experience, such as the DRCPass system, demonstrates its capabilities.
Trident's strategy aligns with previous Ripple initiatives in developing regions aimed at strengthening the Ripple network. Historically, such steps have had varying degrees of impact depending on market dynamics.
