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Trident Digital Tech Holdings Ltd (TDTH) announced plans to pursue regulatory approvals for stablecoin operations across several African countries. The Singapore-based company aims to accelerate adoption of Ripple USD (RLUSD), Ripple’s U.S. dollar-pegged stablecoin, according to a press release statement.
The initiative builds on TDTH’s recent announcement to raise up to $500 million to establish an XRP treasury. The company previously launched a public-private partnership in the Democratic Republic of the Congo for a digital identity system called DRCPass.
TDTH plans to secure stablecoin licenses in multiple African markets to address local currency liquidity challenges and improve cross-border payments. The company cited RLUSD’s growth to over $500 million in circulating supply within months of issuance.
"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.
The company is conducting exploratory discussions with regulatory authorities, financial institutions, and local partners to understand licensing pathways. TDTH targets phased rollouts in pilot countries by mid-2026, subject to legal frameworks and market readiness.
Trident operates its flagship blockchain identity platform called Tridentity. The DRCPass project in the DRC covers SIM registration, e-government access, payments integration, and citizen identity services.
Other companies have pursued similar initiatives in Africa, including Circle’s USDC collaboration with Onafriq and Visa’s pilot programs through Yellow Card in selected markets.