Fintech company Ripple on Thursday made two moves aimed at growing its dollar-backed stablecoin. $RLUSDa month where overall token transfer volume decreased by 25%.
The first is Ripple Mint, a platform that allows institutional customers to create, redeem, bridge, and track. $RLUSD Through a web dashboard or direct integration.
Until now, casting $RLUSD The process of issuing new tokens when a customer deposits dollars usually means arranging directly with Ripple and waiting for a manual issuance process. The API allows companies to automatically trigger minting and redemption from their own systems and track each transaction from dollar transfer to on-chain payment.
Ripple has also grown $RLUSD beyond $XRP Incorporating Ledger and Ethereum into XRPL EVM sidechains, Base, Optimism, Ink, and Unichain expands the number of networks on which tokens can circulate.
Separately, Ripple announced a strategic investment in Notabene late Thursday. This compliance network $RLUSD Place the token in front of the institution that sends and receives the token within your business payment platform.
So, while Mint is designed to: $RLUSD Notabene is easy to create and manage, and built to pass through institutional payment rails.
