Tembo Accepts Ripple's RLUSD Stablecoin for Global Payments

Tembo, an electric vehicle subsidiary of VivoPower International PLC, is now accepting payments in RLUSD, a stablecoin established by Ripple Labs. RLUSD enables fast and low-cost international fund transfers, particularly beneficial for partners and customers in developing markets. Tembo operates globally across Southeast Asia, Africa, and the Middle East. This partnership aims to address the challenges of conventional international wire transfers, such as high costs and long lead times.

Tembo, the electric vehicle subsidiary of VivoPower International PLC (NASDAQ: VVPR), has announced that it will now accept payments in RLUSD, a stablecoin established by Ripple Labs. This move aims to address the challenges of conventional international wire transfers, such as high costs and long lead times, particularly beneficial for partners and customers in developing markets.

RLUSD, pegged 1:1 against the U.S. dollar, offers near-instant and low-cost international fund transfers. Its backing by USD deposits, short-term U.S. Treasuries, and other cash equivalents provides stability that non-stablecoin digital assets cannot offer. This stablecoin is built to meet institutional standards for compliance, transparency, and security, making it an attractive option for businesses like Tembo.

VivoPower's Tembo operates globally across Southeast Asia, Africa, and the Middle East, serving industries such as mining, agriculture, energy utilities, defense, police, construction, infrastructure, government, humanitarian, and game safari. By accepting RLUSD, Tembo aims to improve transaction efficiency, reduce costs, and support the adoption of enterprise-ready digital assets.

The strategic decision to accept RLUSD aligns with VivoPower's broader digital treasury strategy, which involves the acquisition, management, and long-term holding of XRP digital assets. This strategy aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.

In addition to accepting RLUSD, VivoPower has partnered with Doppler Finance to unlock institutional-grade yield opportunities for its XRP holdings. The partnership, which involves deploying an initial US$30 million of XRP, aims to generate compounding long-term value for shareholders. This regenerative loop strategy allows yields earned on deployed XRP to be systematically reinvested back into VivoPower reserves.

The adoption of RLUSD and the partnership with Doppler Finance underscore VivoPower's commitment to innovation and the potential of digital assets in driving global financial inclusivity.

References:
[1] https://www.globenewswire.com/news-release/2025/09/08/3146120/0/en/VivoPower-s-Tembo-to-Accept-Ripple-USD-RLUSD-Stablecoin-for-Payments.html
[2] https://www.marketscreener.com/news/vivopower-partners-with-doppler-finance-for-institutional-xrp-and-rlusd-yield-programs-maximizing-r-ce7c50d3dd81f625