Ripple has unveiled Ripple Mint — a platform allowing institutional clients to issue, redeem, transfer across networks, and track RLUSD▲$0.9999 via web interface or API.
Ripple Mint also supports automation and stablecoin integration into companies’ internal systems. Separately, Ripple invested in compliance platform Notabene, which will add identity verification and transaction authorization to the stablecoin network.
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RLUSD is issued by Standard Custody & Trust Company, licensed by the New York State Department of Financial Services. On the news, RLUSD’s market cap stands at about $1.5 billion, while monthly transfer volume fell 25%–from $14.6 billion to $10.95 billion.
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Ripple Mint: Institutional Infrastructure for Stablecoins
Ripple Mint replaces the previous manual Ripple USD (RLUSD) issuance process, which required direct interaction with Ripple. Institutional clients can now manage the stablecoin via web console or API. The system tracks transactions in real time and sends webhook notifications for fiat arrivals, token issuance, and on-chain settlements. End-to-end identifiers simplify reconciliation for exchanges and market makers.
RLUSD is expanding its blockchain presence. The token is already available on XRP▲$1.13 Ledger, Ethereum (ETH), XRPL EVM sidechain, Base, Optimism, Ink, and Unichain. In Japan, Ripple operates its stablecoin business through SBI Group, and the new tool standardizes the institutional approach.
Read more: XRP Price Outlook July 2026 — Will XRP Rebound or Crash Below $1?
Notabene Integration: Compliance as a Competitive Edge
Ripple’s investment in Notabene addresses a key regulatory challenge: counterparty verification before transaction settlement. Notabene works with banks and VASPs to share compliance data before funds move. The network verifies counterparties and authorizes transfers, meeting requirements for digital asset firms.
The partnership combines Ripple’s payment ecosystem and RLUSD with Notabene’s network of more than 2,300 connected organizations across over 100 jurisdictions. Notabene serves over 280 clients and processes more than $2 trillion in annual transaction volume. Ripple’s early MiCA registration in Europe also strengthens its compliance position.
Read more: What MiCA Still Doesn’t Solve — Europe’s Biggest Crypto Regulation Problems
RLUSD Market Metrics: Holder Growth Amid Volume Decline
RWA.xyz data shows RLUSD’s market cap at roughly $1.5 billion, making it one of the largest regulated stablecoins–though still far behind Tether’s USDT and Circle’s USDC. The token’s supply is split roughly evenly between XRP Ledger and Ethereum.
Metrics are mixed. RLUSD holders grew 6% over the month, while active addresses rose 70%–indicating rapid user base expansion. But market cap fell nearly 5% over the same period, and monthly transfer volume dropped roughly 25%, from $14.6 billion to $11 billion. That suggests more wallets are holding RLUSD, but less is moving through it–signaling a shift toward storage rather than transactional use.
