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Crypto

Ripple mints 10 million more RLUSD as institutional demand grows

Ripple minted an additional 10 million RLUSD stablecoins on the XRP Ledger, blockchain media outlet U.Today reported on Aug. 17. The issuance was processed from the RLUSD issuer account and finalised on the ledger the same day, with a fee of 0.000405 XRP, according to XRPScan. RLUSD circulation stands at 1.711 billion tokens, CoinGecko data showed, with about $58 million in 24-hour volume.

Crypto

Ripple partners with Notabene, integrates RLUSD into B2B payments platform

Ripple is investing in compliance infrastructure firm Notabene and integrating its dollar-pegged stablecoin RLUSD into Notabene’s B2B payments platform, Notabene Flow. The companies plan to widen RLUSD’s use in institutional payments and review a compliance framework compatible with Ripple Payments. Notabene said it connects more than 2,300 institutions across over 100 jurisdictions and has annualised transaction volumes exceeding $2 trillion.