Ripple Launches Institutional RLUSD Issuance Platform Ripple Mint
Ripple has launched 'Ripple Mint', an institutional platform that enables enterprises and financial institutions to automate RLUSD issuance, redemption, bridging, and account management via API or web interface.
The RLUSD market capitalization has reached approximately $1.6 billion, with a circulating supply on the XRP Ledger surpassing that on Ethereum for the first time.
Ripple Mint is designed for institutional investors handling large-scale treasury operations, including cryptocurrency exchanges, market makers, payment operators, and asset management firms.