RLUSD
Ripple launches Mint platform for RLUSD stablecoin
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Ripple introduced Ripple Mint on Thursday to give institutions automated tools for managing its dollar-backed RLUSD stablecoin. The company also invested in compliance firm Notabene to expand the token's use in payments. RLUSD now trades on several additional blockchain networks.
Ripple received a preliminary Crypto-Asset Service Provider approval from Luxembourg's financial regulator on June 23. The conditional approval pairs with an existing electronic money institution license obtained in February.
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Ripple announced on June 23 that it received a preliminary green light from Luxembourg regulators for a crypto-asset service provider license under the EU's MiCA rules. The approval would allow the company to offer stablecoin payment services across the European Economic Area once finalized. The move pairs with a recent investment in African payments firm Flutterwave to expand RLUSD use.