Tembo operates globally across markets, including Southeast Asia, Africa and the Middle East

RLUSD is the fast-growing stablecoin established by Ripple Labs

RLUSD stablecoin enables near-instant low-cost international funds transfers

VivoPower announced today that its electric vehicle subsidiary, Tembo e-LV is accepting payments from customers and partners in RLUSD, the stablecoin established by Ripple Labs.  

As a business that operates globally across developed as well as developing nations, Tembo has been seeking solutions to real-life practical challenges that affect conventional international wire transfers, including lead time and high transaction costs.  This is particularly pronounced for partners and customers in developing markets.

With RLUSD, it is possible for international wire transfers to be effectuated almost instantaneously and at a fraction of the cost of conventional wire transfers.  Furthermore, given RLUSD is pegged 1:1 against the U.S. dollar and is fully backed by USD deposits, short-term U.S. treasuries, and other cash equivalents, it provides the capital stability that non-stablecoin digital assets cannot offer.

What is RLUSD?

RLUSD is a stablecoin issued by Ripple Labs, designed for real-world payments. It is pegged 1:1 to the U.S. dollar and is fully backed by USD deposits, short-term U.S. Treasuries, and other cash equivalents. It is built to meet institutional standards for compliance, transparency, and security. RLUSD is issued natively on both the XRP Ledger and Ethereum. This allows for near-instant, low-cost settlements, supporting Ripple’s mission to enable seamless cross-border value transfer.

RLUSD’s coin market capitalization has increased 10-fold since the start of the calendar year 2025, with increasing adoption around the world.

Strategic Rationale

Accepting RLUSD will help VivoPower:

• Improve Efficiency: Speed up transactions, especially for international customers and partners.
• Reduce Costs: Lower fees and delays associated with traditional banking channels and fiat currency.
• Support Innovation: Promote the adoption of enterprise-ready digital assets that meet strict compliance and audit standards.
• Expand Treasury Options: Broaden the Company’s digital asset and decentralized finance (DeFi) strategy.

To read the full press release, and to keep up with all of VivoPower’s releases, visit our Press Releases page.

Contact 

Shareholder Enquiries 

media@vivopower.com