Ripple has introduced an institutional minting platform for its RLUSD stablecoin, according to company announcements. The platform allows institutions to mint and redeem RLUSD directly through Ripple's infrastructure.
Separately, RLUSD has been added to Notabene's compliance network, a system used by crypto firms to meet regulatory requirements. The integration was reported by Ripple and Notabene.
RLUSD monthly transfer volume in the latest period, down 25% from previous month
Monthly transfer volume for RLUSD fell to $10.95 billion, a 25% decline. Meanwhile, the stablecoin's market capitalization is approaching $1.6 billion, and the number of RLUSD holders has increased, according to data from Ripple's ecosystem trackers.
The new institutional platform and compliance listing expand RLUSD's utility for banks and financial firms, even as transaction activity has cooled. The holder growth suggests continued adoption among individual and institutional users.