Ripple Launches Mint Platform, Backs Notabene to Boost RLUSD Use

Ripple’s dollar-backed RLUSD is designed for cross-border payments and institutional use, with issuance handled by Standard Custody & Trust, which holds a limited-purpose trust charter from New York’s financial regulator. Supply is split between the XRP Ledger and Ethereum. The strategic challenge is no longer simply expanding circulation, but turning a regulated token into payment infrastructure that banks and companies use for real transactions.

On July 23, 2026, Ripple launched Ripple Mint, allowing institutions to mint, redeem, bridge and track RLUSD through a dashboard or API, and made a strategic investment in compliance network Notabene. RLUSD, valued at about $1.5 billion, saw holders rise 6% and active addresses jump 70% over 30 days. Yet market value fell nearly 5%, while monthly transfer volume dropped 25% to $10.95 billion, pointing to more holding and less transactional use.