Ripe

Ripe is a stablecoin payments and off-ramp platform built for Southeast Asia, enabling users to spend USDT, USDC, and USDG through QR-code rails that local merchants already use. Founded in 2023 by Chuck Lam and Sam Silver in Manila, Philippines, and backed by Alliance DAO, Ripe's mission is to make stablecoins spendable in everyday economic life -- its tagline is We put the currency in cryptocurrency.

How it works. Ripe reads the banking information embedded in a merchant's existing QR code and generates a blockchain address on the fly. The user sends stablecoins to that address; Ripe delivers fiat to the merchant's e-wallet. Merchants need no crypto knowledge or new software. Users can also share Ripe receiving addresses for automatic stablecoin-to-fiat conversion, enabling passive off-ramp flows for freelancers and remote workers.

Products and coverage. Ripe supports QR merchant payments, personal off-ramps, payroll disbursements, and receiving addresses. Live markets: Philippines (GCash), Singapore (PayNow), Vietnam (MoMo), Malaysia (Touch n Go), and Thailand. The platform runs inside Phantom, Backpack, MetaMask, OKX, and other wallets via pay.ripe.money -- no separate download required.

Partnerships. Ripe partnered with Tether for USDT expansion in Asia and with Circle for USDC integration; it is a Circle Alliance Directory member. It is a launch partner of the t-0 Network, Tether's institutional settlement network. Ripe placed fourth in the DeFi/Payments track of the Colosseum Renaissance Hackathon in 2025.

Compliance and Solana fit. Ripe is a FinCEN-registered Money Services Business with AML and Travel Rule compliance. Its primary chain is Solana -- sub-cent fees and sub-second finality suit everyday micro-payments. Aptos is also live; Base, Stellar, and Celo are planned. As stablecoin issuance on Solana grows, Ripe provides the off-ramp infrastructure that closes the loop between on-chain balances and real-world spending across Southeast Asia.