Ripple has revealed a new strategic partnership with a major fintech ecosystem in Bahrain to foster the development of Web3 infrastructure in the kingdom. Although RLUSD is not the sole focus, it plays a pivotal role through integration with local financial institutions. This move could accelerate adoption and bring the stablecoin closer to significant liquidity milestones.
Through this agreement, Ripple commits to working with Bahrain in supporting pilot projects, participating in industry events, and reinforcing its local Web3 ecosystem. As part of the expansion, RLUSD will be integrated with Bahraini financial entities to strengthen its position within the broader strategy.
Over recent months, Ripple has been actively extending RLUSD’s reach across Europe, East Asia, and Africa through new partnerships that enhance its global exposure. Despite progress, real adoption remains limited: on-chain data shows daily user activity is low, averaging around 500 users, and never exceeding 700 in the past year.
A strategic step toward regional growth
On the other hand, RLUSD’s liquidity has grown significantly. Its market capitalization is rapidly approaching one billion dollars, suggesting that while usage has not yet scaled, available capital is rising steadily. This tension between growing liquidity and low adoption underscores that the real challenge now is converting those funds into active usage.
The Bahrain collaboration may be a crucial lever for that goal: by introducing RLUSD via local institutions and sector events, Ripple aims to build trust, tangible use cases, and visibility among regulators and financial players in the region. If successful, this initiative could solidify RLUSD as a strong competitor in the stablecoin space, particularly in emerging markets where Web3 adoption is still nascent.
