Fintech firm Ripple made two moves on Thursday aimed at boosting its dollar-backed stablecoin, RLUSD, in a month in which transfer volume across the token has fallen 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 for a manual issuance process. The APIs let a company trigger minting and redemption automatically from its own systems and track every transaction from dollar transfer to onchain settlement.
Ripple has also expanded RLUSD beyond XRP Ledger and Ethereum to XRPL EVM sidechain, Base, Optimism, Ink and Unichain, expanding the number of networks where the token can circulate.
Separately, Ripple late Thursday announced a strategic investment in Notabene. This compliance network places RLUSD in its enterprise payment platform and puts the token in front of institutions positioned to send and receive it.
So while Mint is designed to make RLUSD easy to create and manage, Notabene is built to move it through institutional payment rails.
