Ripple Doubles Down on Institutional Adoption of RLUSD Amid Transfer Volume Decline

Ripple is doubling down on institutional adoption of its RLUSD stablecoin despite a 26% drop in transfer volume.

The company has introduced two new initiatives to expand RLUSD's reach: Ripple Mint, a platform that automates the creation and redemption of RLUSD for institutions, and a strategic investment in Notabene, a compliance platform that processes over $2 trillion in annualized transaction volume.

The integration with Notabene places RLUSD within its payment network, making it easier for financial institutions to send and receive the stablecoin while meeting global compliance requirements. Although transfer volume has slowed down, RLUSD's user growth is improving, with a 68.2% increase in monthly active addresses and a six percent rise in holder count.

The XRP Ledger continues to hold the largest share of RLUSD's supply, but Ripple is also expanding its availability on other blockchain networks, including Base, Optimism, Ink, Unichain, and XRPL EVM Sidechain.