Ripple President Monica Long has likened the current surge in stablecoin projects to the NFT boom of 2021, cautioning against market over-saturation and a lack of clear use cases. Long pointed out the increasing fragmentation within the stablecoin sector, where many new initiatives lack defined real-world applications. She urged the industry to prioritize solving genuine problems over following trends. Ripple is actively expanding its USD-backed stablecoin, RLUSD, across Africa to tackle financial issues such as high transaction fees and limited banking access. This expansion is supported by strategic partnerships with local companies like Chipper Cash and VALR, aiming to enhance financial inclusion in the region.