Ripple Concludes Pilot In Kenya Using RLUSD

Key Points

1. Ripple's RLUSD was used in a four-month drought-insurance pilot in Laikipia North, Kenya, insuring 517 pastoralists (70% women).

2. The pilot, in partnership with Mercy Corps Ventures and DIVA Donate, escrowed donations in RLUSD on Ethereum, releasing funds only if satellite-derived NDVI readings fell below a threshold.

3. No drought occurred during the pilot, so the RLUSD pool will carry forward for the next dry season starting in October.

4. The next phase aims to expand the program to 533 herder households and raise $40,000, supplemented by unspent funds from earlier initiatives.

5. The pilot serves as a real-world test of RLUSD's programmability, with BNY Mellon as the primary reserve custodian.