Ripple Launches Mint for Institutional RLUSD Access
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Ripple, a blockchain-focused fintech company, has introduced Ripple Mint, a new platform designed to enhance institutional access to its US dollar-pegged stablecoin, Ripple USD (RLUSD). Ripple Mint allows institutions to mint, redeem, and manage RLUSD via a web interface or API integrations, supporting both manual and automated workflows. The platform aims to facilitate stablecoin adoption for payments, trading, and treasury operations in a way that fits institutional needs.
RLUSD was launched in December 2024 with a primary focus on institutional users but has also attracted retail interest. Since its launch, the stablecoin has rapidly grown, becoming one of the top ten US dollar-pegged stablecoins by market capitalization within less than two years. According to CoinGecko, RLUSD reached an all-time high market cap of over $1.8 billion on June 1, 2026.
Why it matters
Cointelegraph reported that around the time Ripple Mint was announced, RLUSD’s market capitalization temporarily increased from approximately $1.54 billion to $1.64 billion but then stabilized near $1.59 billion. At publication, RLUSD held the position of the ninth-largest USD-pegged stablecoin by market cap. The new platform rollout is positioned by Ripple as a significant step to support institutions seeking flexible and efficient ways to use digital dollars.