Ripple Unveils Ripple Mint Platform for Institutional Clients

Ripple, the blockchain company behind XRP, has launched Ripple Mint, a new platform for institutional clients to create, manage, and transfer its Ripple USD (RLUSD) stablecoin. This move aims to automate processes such as treasury management, payments, and trading operations.

Ripple stated that existing customers will be able to continue using the platform without any interruption, with security, compliance, and operational monitoring tools preserved in the new system.

RLUSD is issued by Standard Custody & Trust Company, authorized by the New York Department of Financial Services. This regulatory framework provides transparency and trust in the institutional use of the stablecoin, according to Ripple.