Ripple has launched Ripple Mint, an institutional-grade platform for businesses to manage its official stablecoin, RLUSD. The platform integrates fiat currency deposits, token minting, on-chain settlement, and payment completion into a single system, primarily serving exchanges, market makers, payment institutions, and fintech companies.

Supports multi-chain transfer

According to the introduction, Ripple Mint supports the circulation of RLUSD on XRP Ledger, Ethereum, and Layer 2 networks such as Base and Optimism. Institutions can operate directly through the official console or connect to their own systems via API.

The platform also provides webhook notifications and a unified reference number to track the status of a transaction at different stages. This means that businesses can view the entire process from fiat currency receipt and stablecoin minting to on-chain settlement and payment completion on a single interface.

For unified management of institutions

Ripple positions this product as an institutional-grade management tool, focusing on simplifying the process for enterprises using RLUSD. For institutions that frequently handle cross-platform and cross-chain settlements, a unified interface and tracking mechanism help reduce operational complexity.

The article mentions that Ripple Mint's target users include cryptocurrency exchanges, market makers, payment service providers, and fintech companies. These institutions typically need to integrate stablecoin systems into their existing clearing, payment, or fund management processes, making API integration capabilities a key component of the product.

RLUSD has entered the top ten in terms of size.

Ripple states that RLUSD is issued by Standard Custody & Trust Company and regulated by the New York State Department of Financial Services (NYDFS). The article notes that the stablecoin currently has a market capitalization of approximately $1.59 billion, placing it among the top ten stablecoins by market capitalization.

Public data also shows that RLUSD's trading volume in the past 24 hours was approximately $123.38 million, and it has been listed on trading platforms such as Kraken, Bitstamp, and Bullish. With the launch of Ripple Mint, Ripple hopes to further improve the efficiency of enterprise access and expand the use of RLUSD in international payment scenarios.