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SINGAPORE - Trident Digital Tech Holdings Ltd (NASDAQ:TDTH), a $92.3 million market cap company whose stock has seen a 40% surge over the past six months despite a challenging year, announced plans to pursue regulatory approvals for stablecoin operations in several African countries, according to a company press release issued Friday.
The Singapore-based digital transformation firm aims to accelerate adoption of Ripple USD (RLUSD), a U.S. dollar-pegged stablecoin, to enhance financial inclusion and digital payments infrastructure across the continent.
The initiative builds upon TDTH’s existing presence in Africa, including its public-private partnership in the Democratic Republic of the Congo where it launched DRCPass, a blockchain-based identity system. According to InvestingPro data, the company operates with moderate debt levels and maintains a current ratio of 1.23, suggesting adequate liquidity for its expansion plans.
TDTH is currently in exploratory discussions with regulatory authorities, financial institutions, and local partners regarding licensing pathways and infrastructure requirements. The company targets phased rollouts in pilot countries by mid-2026, subject to regulatory approvals and market readiness.
This move follows TDTH’s recent announcement of plans to raise up to $500 million to establish a corporate XRP treasury, further integrating with the Ripple ecosystem.
RLUSD has reached over $500 million in circulating supply within months of issuance, according to the company statement.
"By pursuing stablecoin licenses and RLUSD adoption in Africa, we are furthering our mission to enable Web 3.0 transformations in emerging markets," said Soon Huat Lim, Founder, Chairman, and CEO of Trident.
Trident Digital Tech Holdings specializes in blockchain technology and digital identity solutions, with its Tridentity platform providing authentication services across various industries. While the company generated $0.47 million in revenue over the last twelve months, InvestingPro analysis reveals several additional insights about TDTH’s financial health and market position. Subscribers can access 8 more exclusive ProTips and comprehensive financial metrics to better evaluate this emerging blockchain player.
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