Ripple Unveils Institutional Stablecoin Platform, Partners on Compliance

Ripple has introduced Ripple Mint, a new platform allowing institutional clients to issue, redeem, transfer across networks, and track RLUSD via web interface or API. The system also supports automation and stablecoin integration into companies' internal systems.

Ripple invested in compliance platform Notabene, which will add identity verification and transaction authorization to the stablecoin network.

The RLUSD market cap stands at about $1.5 billion, while monthly transfer volume fell 25% from $14.6 billion to $10.95 billion.