$RLUSD Sees Transfer Volume Decline Amid New Initiatives from Ripple

Ripple has launched two initiatives to boost its dollar-backed stablecoin, $RLUSD. The first is Ripple Mint, a platform that allows institutional customers to create, redeem, bridge and track $RLUSD through a web dashboard or direct integration.

The second initiative is a strategic investment in Notabene, which places $RLUSD inside its business-payments platform, making it accessible to institutions that can send and receive it.

The moves come as transfer volume for $RLUSD has dropped by 25% over the past month, from around $14.6 billion to $11 billion.