Ripple just took a big step to bring its RLUSD stablecoin to more institutions by teaming up with Notabene, a regulated network that handles on-chain transactions. RLUSD will now be accessible on Notabene Flow, their platform focused on business-to-business stablecoin payments, tailored specifically for financial institutions operating in multiple countries.
This collaboration aims to address a major hurdle for stablecoins: compliance. Notabene supports over 2,300 financial institutions across 100 jurisdictions and manages transaction volumes exceeding $2 trillion annually. Their platform ensures that payments meet regulatory demands like identity verification and counterparty checks, which are key for banks and other institutions.
Integrating RLUSD into Notabene Flow means businesses can send and receive stablecoin payments with confidence that the transactions comply with complex regulations worldwide. Ripple doesn’t stop there the companies plan to explore how Notabene’s compliance and transaction authorization tools can be linked with Ripple Payments to create smoother, more secure processes for institutional users.
Jack McDonald, Senior VP of Stablecoin at Ripple, pointed out that just having fast settlement rails is not enough for stablecoins to gain widespread institutional adoption. Compliance and identity verification remain essential to winning trust among financial institutions.
This move fits into Ripple’s broader push to increase RLUSD’s usage beyond just the crypto space, making it a practical tool for regulated financial players. By combining Ripple’s stablecoin with Notabene’s compliance infrastructure, the partnership aims to overcome the typical barriers banks face when exploring digital asset payments.
