Ripple’s RLUSD Stablecoin May Expand Blockchain-Based Drought Insurance for Kenyan Pastoralists
2025-07-12 05:22:18
Main Idea
Ripple’s RLUSD stablecoin-based drought insurance program has expanded in Kenya, covering 533 pastoralists with a focus on female beneficiaries, leveraging satellite data and blockchain for transparent payouts.
Key Points
1. Ripple’s RLUSD drought insurance program completed its pilot phase in Laikipia County, Kenya, covering 517 pastoralists initially, with a funding pool of $40,000.
2. The program uses satellite vegetation monitoring to assess drought conditions, enabling automated, conditional disbursements via Ethereum’s blockchain.
3. Mercy Corps Ventures and Arbitrum are involved, strengthening the program’s operational framework.
4. RLUSD operates on Ethereum with BNY Mellon as the primary custodian, boasting a market capitalization of $501 million and growing trading volume.
5. The program prioritizes gender equity by focusing on female participation and collaborates with local organizations like DIVA Donate for scalability.
Description
Ripple advances its RLUSD-based drought insurance program in Kenya, leveraging blockchain technology to provide transparent, data-driven financial protection for pastoralists. The initiative, supported by Mercy Corps and Arbitrum, expands coverage
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