Ripple launched Ripple Mint, a unified platform providing institutional customers with a single interface to access, mint, redeem, and manage Ripple USD (RLUSD) through web console or programmatic integration. The platform streamlines RLUSD issuance and redemption by consolidating operational controls, automation, and transaction visibility as stablecoins become increasingly integrated into trading, payments, treasury management, and cross-border settlement. RLUSD has grown to more than $1.5 billion in circulating supply, making it one of the largest regulated U.S. dollar-backed stablecoins.
Ripple Mint Combines Web Console and API Access
Ripple Mint combines a web-based interface with API access, allowing institutions to manage RLUSD through a dashboard or integrate stablecoin operations directly into internal infrastructure. Through the platform, customers can mint and redeem RLUSD, move the stablecoin across supported blockchains, monitor transactions throughout the issuance and redemption lifecycle, and connect those processes with internal treasury and payment systems.
The platform introduces new APIs and webhook notifications to automate operational workflows. Customers can initiate redemption requests through either the web interface or the API, support fiat settlement, monitor transaction status from initiation through settlement, and retrieve account balances programmatically. Webhook notifications provide updates at key stages of each transaction, including fiat receipt, mint processing, on-chain settlement, and payout completion. Consistent reference IDs allow customers to track transactions across both fiat and blockchain systems.
Ripple said Ripple Mint is designed to reduce operational complexity for exchanges, market makers, fintech firms, and other institutional users expanding their RLUSD activity. Existing RLUSD customers can continue using their current workflows while gaining access to the new platform. RLUSD is issued by Standard Custody & Trust Company, LLC, a trust company chartered by the New York Department of Financial Services. Earlier this year, the stablecoin was selected for use in Singapore's BLOOM trade finance sandbox, expanding its role in regulated cross-border payment initiatives.
RLUSD Expands Across Six Blockchain Networks
Ripple expanded RLUSD beyond its initial deployment on the XRP Ledger and Ethereum. The stablecoin is now available on the XRPL EVM Sidechain, Base, Optimism, Ink, and Unichain, extending its availability across Ethereum Virtual Machine-compatible ecosystems. The XRPL EVM Sidechain enables developers to use familiar Ethereum tooling while maintaining connectivity with the XRP Ledger, expanding RLUSD's reach across decentralized finance applications built on EVM infrastructure.
Ripple said XRP and RLUSD are intended to complement one another across use cases including liquidity provision, settlement, payments, collateral, and token swaps. Ripple Mint is available immediately to existing RLUSD customers.
Standard Custody Backs RLUSD With $1.6 Billion Reserves
RLUSD is issued by Standard Custody & Trust Company, LLC, a trust company chartered by the New York Department of Financial Services. According to Ripple's transparency page, RLUSD had approximately $1.5 billion in circulation backed by $1.6 billion in reserve assets, based on the company's latest published reserve report.
FAQ
What is Ripple Mint?
Ripple Mint is a unified platform that provides institutional customers with a single interface to access, mint, redeem, and manage Ripple USD (RLUSD) through either a web console or programmatic integration. The platform consolidates operational controls, automation, and transaction visibility for RLUSD issuance and redemption.
Which blockchains support RLUSD?
RLUSD is available on six blockchain networks: XRP Ledger, Ethereum, XRPL EVM Sidechain, Base, Optimism, Ink, and Unichain. The multichain deployment extends RLUSD's availability across Ethereum Virtual Machine-compatible ecosystems.
Who issues RLUSD and what backs it?
RLUSD is issued by Standard Custody & Trust Company, LLC, a trust company chartered by the New York Department of Financial Services. According to Ripple's transparency page, RLUSD had approximately $1.5 billion in circulation backed by $1.6 billion in reserve assets based on the company's latest published reserve report.
