Crypto
Ripple Launches Institutional Stablecoin Platform Amid Volume Decline
Ripple has launched Ripple Mint, a platform for institutional clients to mint, redeem, bridge, and track RLUSD through a web interface or API.
The launch comes at a delicate moment, as RLUSD's monthly transfer volume dropped by about 25% from $14.6 billion to $11 billion in the past quarter.
Ripple Mint gives institutions direct programmatic access to RLUSD issuance and redemption, which previously required more manual steps or third-party coordination.