Ripple has launched Ripple Mint and made a strategic investment in compliance firm Notabene as it seeks to broaden institutional use of Ripple USD.

Ripple Mint gives institutions a platform to mint, redeem, bridge and monitor RLUSD across supported networks. Notabene, meanwhile, will add RLUSD to its compliance network, which serves institutions in more than 100 jurisdictions.

The updates arrive as RLUSD continues to add holders but records lower transfer activity. A July 24 market snapshot put monthly transfer volume at about $10.95 billion, down roughly 25% from $14.6 billion. Holder numbers rose 6%, active addresses increased 70%, and market value fell almost 5% over the same period.

The two announcements target separate parts of the stablecoin process. Ripple Mint gives approved customers a direct way to issue, redeem, bridge and track RLUSD, while the Notabene arrangement places the token inside a business payment network designed for regulated firms.

The infrastructure push comes as competition among stablecoin issuers for institutional clients has intensified, with major tokens already offering direct minting and redemption tools for qualified businesses. Ripple launched RLUSD in late 2024, making it a newer entrant relative to longer-running regulated stablecoins such as USDC and the market-leading USDT.

Meet Ripple Mint. A unified platform for institutions to access, mint, redeem, and manage $RLUSD . Built for scale with both UI and API access, Ripple Mint gives institutions the flexibility to automate stablecoin operations, integrate RLUSD into existing systems, and manage… — Ripple (@Ripple) July 23, 2026

Meet Ripple Mint. A unified platform for institutions to access, mint, redeem, and manage $RLUSD . Built for scale with both UI and API access, Ripple Mint gives institutions the flexibility to automate stablecoin operations, integrate RLUSD into existing systems, and manage…

Ripple Mint automates institutional RLUSD operations

Ripple Mint replaces more manual RLUSD workflows with a web console, application programming interfaces and webhook alerts. Existing institutional customers can use the platform to mint and redeem RLUSD, check account balances and track each transaction from fiat receipt through onchain settlement.

Ripple also uses shared reference IDs to connect each stage of a transaction, a feature intended to support internal tracking and reconciliation. The platform supports fiat settlement and transfers across supported blockchains.

Ripple said customers can connect Mint to their own systems rather than relying only on employees operating through a dashboard. The company positioned the product for exchanges, market makers, fintech firms and other institutions that require recurring stablecoin operations.

The product design mirrors institutional issuance platforms already operated by competing stablecoin issuers, including Circle's Circle Mint for USDC, which gives verified businesses programmatic access to create and redeem tokens directly.

Ripple Mint is available to existing RLUSD customers. Ripple has not published pricing or broader access terms.

Notabene to support RLUSD compliance route

Ripple also made an undisclosed strategic investment in Notabene. The companies plan to add RLUSD to Notabene Flow, a platform for business stablecoin payments, and will examine how Notabene's payment authorization tools can work with Ripple Payments.

Notabene says its network connects more than 2,300 institutions across over 100 jurisdictions and processes more than $2 trillion in annualized transaction volume.

Notabene Flow focuses on identity checks, counterparty information and transaction approval before funds move. The process is intended to help financial firms apply Travel Rule requirements and internal compliance controls to stablecoin payments.

The Travel Rule, recommended by the Financial Action Task Force, requires virtual asset service providers to collect and share information about the originators and beneficiaries of transactions above a set threshold. An increasing number of national regulators have begun enforcing the standard for crypto firms, making compliance infrastructure a practical prerequisite for institutional stablecoin adoption.

Ripple stablecoin executive Jack McDonald said, "Institutional adoption depends on more than efficient settlement rails alone."

Financial terms were not disclosed, and neither company identified the first institutions expected to use RLUSD through Notabene Flow.

RLUSD reaches additional blockchain networks

Ripple has also expanded RLUSD access beyond the XRP Ledger and Ethereum. Through Wormhole's Native Token Transfers framework, the stablecoin now connects to the XRPL EVM sidechain, Base, Optimism, Ink and Unichain, with access spanning more than 40 supported networks.

The setup is designed to move native RLUSD between chains without creating separate wrapped versions.

As crypto.news reported in June, the multichain rollout targets exchanges, payment applications and decentralized finance services. Ripple said XRP and RLUSD can serve different roles across those markets, including settlement, swaps, collateral and liquidity.

However, activity on each network will depend on available integrations, market makers and user demand, not technical access alone.

Usage data remains mixed

RLUSD remains one of the larger regulated dollar stablecoins, though its roughly $1.5 billion circulating supply is still a fraction of the tens of billions held by USDT and USDC. Ripple's reserve page reported $1.51 billion in circulating RLUSD and $1.62 billion in reserve funds as of July 16.

Standard Custody & Trust Company issues the token under a New York Department of Financial Services limited-purpose trust charter. Ripple says RLUSD is backed by cash, cash equivalents and U.S. Treasuries, with monthly independent attestations.

Related activity on the XRP Ledger has continued to grow. As previously reported, Ripple-backed Evernorth said RLUSD pairs had generated more than $2.5 billion in XRP Ledger trading since launch, including about $900 million through the RLUSD/XRP pair over six months.

Ripple and SBI also launched RLUSD in Japan in June after local approval, adding another regulated distribution channel.

Still, the July decline in transfer volume shows that supply growth and broader wallet participation do not always translate into higher payment use. Stablecoin transfer volume can shift because of exchange flows, treasury movements, market-maker activity and large institutional transactions. Rolling 30-day figures can also change quickly as older transactions leave the calculation window.

Ripple Mint may reduce the operational work required to create and redeem RLUSD, while Notabene may provide more institutions with a compliant route to send it. Whether these infrastructure improvements help reverse the transfer-volume decline is likely to become clearer in coming months as adoption data tied to both launches becomes available. Ripple has not released volume targets, customer forecasts or a schedule for publishing adoption data tied to either launch.