Ripple launched an institutional minting platform and a strategic compliance-network investment on Thursday, aiming to convert RLUSD's growing holder base into real transaction volume — even as monthly transfer activity on the stablecoin fell by a quarter.

Ripple unveiled **Ripple Mint**, an automated platform that lets institutional customers create, redeem, bridge and track RLUSD through a web dashboard or direct API integration. Previously, minting RLUSD required coordinating directly with Ripple and waiting on a manual issuance process. The new APIs let firms trigger minting and redemption automatically from their own systems, with full visibility from dollar transfer to onchain settlement.

Separately, Ripple announced a strategic investment in **Notabene**, a compliance network. The integration places RLUSD inside Notabene's business-payments platform, putting the token in front of institutions positioned to send and receive it at scale.

Ripple also extended RLUSD to six networks: the XRP Ledger, Ethereum, the XRPL EVM sidechain, Base, Optimism, Ink and Unichain — widening the token's circulation footprint.

RLUSD is issued by Standard Custody & Trust, which holds a limited-purpose trust charter from the New York Department of Financial Services. That regulatory credential is central to Ripple's strategy of courting banks in a market where compliance certification has become the primary competitive battleground.

RLUSD's market value stands at approximately **$1.5 billion**, placing it among the larger regulated stablecoins — though still a fraction of Tether and USDC. Supply is split almost evenly between the XRP Ledger ($877 million) and Ethereum ($643 million).

The growth trajectory is mixed. Holder count rose **6%** over the past month, and active addresses surged **70%** — evidence that the user base is expanding rapidly. Yet over the same 30-day window, market cap slipped nearly **5%** and monthly transfer volume dropped **25%**, from roughly $14.6 billion to **$10.95 billion**.

That divergence — more wallets holding RLUSD while less money moves across it — signals the token is being treated as an asset to hold rather than a medium to transact. Ripple Mint and the Notabene integration are direct attempts to close that gap.

Bitcoin held near **$65,430** at the time of writing, largely unmoved by an $800 billion AI-sector selloff that left crypto markets relatively insulated. Ethereum traded at **$1,885**, while XRP — the native token of the XRP Ledger, where roughly 58% of RLUSD supply resides — was at **$1.11**.

The RLUSD developments had no immediate price impact on XRP, as the moves target stablecoin infrastructure rather than the XRP payment corridor. Broader crypto markets showed muted reaction, with the CoinDesk CD20 index down 1.3%.

For stablecoin market structure, the Ripple Mint launch signals a shift toward institutional-grade issuance tooling, following a pattern that Circle and Paxos have already established. The Notabene investment adds a compliance layer that could make RLUSD more attractive for regulated payment flows.

Ripple has positioned Thursday's dual announcement as the infrastructure layer needed to turn RLUSD from a held asset into a transacted one. The company's public statements frame the launches around closing the gap between stablecoin supply and actual usage — a challenge that has persisted across the regulated stablecoin sector as institutions accumulate tokens faster than they deploy them in payments or settlements.

According to data assessed by CoinDesk, the trend of rising holders but declining volume mirrors patterns seen in other regulated stablecoins during their early growth phases, where adoption as a store of value precedes adoption as a medium of exchange.

**What is Ripple Mint?** Ripple Mint is an automated platform that lets institutional customers create, redeem, bridge and track RLUSD tokens through a web dashboard or direct API integration, replacing a manual issuance process that required direct coordination with Ripple.

**How much is RLUSD worth?** RLUSD has a market value of approximately $1.5 billion, with supply divided between the XRP Ledger (about $877 million) and Ethereum (about $643 million).

**Why did RLUSD transfer volume drop?** Monthly transfer volume fell 25% from roughly $14.6 billion to $10.95 billion over the past 30 days. Data shows holder count and active addresses rose sharply, suggesting more users are holding RLUSD as a store of value rather than transacting with it.

**What is Notabene?** Notabene is a compliance network that Ripple made a strategic investment in. The integration places RLUSD inside Notabene's business-payments platform, putting the token in front of institutions for real payment flows.

**Which blockchains does RLUSD run on?** RLUSD is available on the XRP Ledger, Ethereum, the XRPL EVM sidechain, Base, Optimism, Ink and Unichain.

**Who issues RLUSD?** RLUSD is issued by Standard Custody & Trust, which holds a limited-purpose trust charter from New York's Department of Financial Services — a regulatory credential that allows Ripple to court banks and regulated financial institutions.

**Is RLUSD a regulated stablecoin?** Yes. Standard Custody & Trust operates under a New York DFS limited-purpose trust charter, making RLUSD one of the regulated dollar-backed stablecoins in the market alongside USDC and Paxos-issued tokens.

**How does Ripple Mint differ from the previous minting process?** Previously, minting RLUSD meant coordinating directly with Ripple and waiting on manual issuance. Ripple Mint automates the entire process, letting firms trigger minting and redemption from their own systems with full transaction tracking.

Ripple's dual launch of Ripple Mint and the Notabene integration addresses the core challenge facing RLUSD: converting a growing holder base into real onchain transaction volume. For institutions exploring regulated stablecoins, these infrastructure upgrades could lower the barrier to using RLUSD in payment flows. Check Ripple's official channels and the Standard Custody & Trust documentation for current issuance details and supported integration paths.