Ripple Mint Launch Puts Institutions at Heart of Stablecoin Expansion

Ripple has launched Ripple Mint to help institutions manage and trade Ripple USD (RLUSD) on one platform. The platform allows businesses to mint, redeem, bridge, and manage RLUSD through a standard interface or by connecting their systems via APIs and webhook alerts.

The move is part of Ripple's efforts to expand RLUSD access across more than 2,300 institutions in over 100 jurisdictions. This comes after Ripple invested in Notabene, a compliance infrastructure provider, to add RLUSD to its payment network, Notabene Flow.

Notabene handles about $2 trillion in annualized transaction volume and connects institutions globally. The partnership aims to bring more RLUSD payments to regulated firms through this network.

Binance has also introduced variable RLUSD returns of up to 22.25% for eligible users, as well as weekly XRP rewards for those using Binance Earn and Margin products.