Fintech firm Ripple made two moves on Thursday aimed at growing its dollar-backed stablecoin, $RLUSD, in a month when transfer volume across the token has dropped by 25%.
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.
So, while Mint is designed to make $RLUSD simple to create and manage, Notabene is built to get it moving through institutional payment rails.
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