VivoPower International PLC announced on September 8, 2025, that its electric vehicle subsidiary, Tembo e-LV, will begin accepting payments from customers and partners in RLUSD, the stablecoin established by Ripple Labs. This initiative aims to address challenges associated with conventional international wire transfers, such as lead times and high transaction costs.
RLUSD, which is pegged 1:1 against the U.S. dollar and fully backed by USD deposits, short-term U.S. treasuries, and other cash equivalents, enables near-instant, low-cost international funds transfers. This is particularly beneficial for Tembo's global operations across developed and developing nations, including Southeast Asia, Africa, and the Middle East.
The adoption of RLUSD provides the capital stability that non-stablecoin digital assets cannot offer, while leveraging the efficiency of blockchain technology. This strategic move is expected to enhance Tembo's operational efficiency and facilitate smoother international business transactions.
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