Ripple Launches Institutional Stablecoin Platform Amid Volume Decline
Ripple has launched Ripple Mint, a platform that allows institutional clients to mint, redeem, bridge, and track RLUSD through a web interface or API.
The platform is designed to make it easier for institutions to use RLUSD, which is currently used in $11 billion worth of monthly transfers. This is down from $14.6 billion in the previous period, a 25% decline.
Ripple Mint gives institutions direct programmatic access to RLUSD issuance and redemption, something that previously required more manual steps or third-party coordination.