Ripple’s RLUSD gets two boosts as transfer volume drops 25%
Ripple has launched 'Ripple Mint' and invested in Notabene to expand the utility and institutional adoption of its RLUSD stablecoin. While the token's user base is growing, recent data shows a decline in market cap and transfer volume.
Why it matters
The development reflects the ongoing struggle of stablecoins to bridge the gap between institutional infrastructure and actual transaction volume in the crypto market.
The first is Ripple Mint , a platform that lets institutional customers create, redeem, bridge and track RLUSD through a web dashboard or direct integration.
Until now, minting RLUSD — the process of issuing new tokens when a customer deposits dollars — generally meant arranging it directly with Ripple and waiting on a manual issuance process. The APIs let a firm trigger minting and redemption automatically from its own systems and track each transaction from dollar transfer to onchain settlement.
Ripple has also been extending RLUSD beyond the XRP Ledger and Ethereum onto the XRPL EVM sidechain, Base, Optimism, Ink and Unichain, widening the number of networks where the token can circulate.
Separately, Ripple announced late Thursday a strategic investment in Notabene. This compliance network places RLUSD inside its business-payments platform, putting the token in front of institutions positioned to send and receive it.
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