Ripple's RLUSD Stablecoin Surpasses $1.5 Billion in Circulating Supply

Ripple has launched Ripple Mint, a unified platform that enables institutional customers to manage and trade its dollar-backed stablecoin, RLUSD. The platform provides a single interface for minting, redeeming, and managing RLUSD through either a web console or programmatic integration.

RLUSD has surpassed $1.5 billion in circulating supply, making it one of the largest regulated U.S. dollar-backed stablecoins. Ripple Mint streamlines RLUSD issuance and redemption by bringing operational controls, automation, and transaction visibility into one platform.

The platform offers console and API access, allowing institutions to choose between managing RLUSD through a dashboard or integrating stablecoin operations directly into their internal infrastructure. Through the platform, customers can mint and redeem RLUSD, move the stablecoin across supported blockchains, monitor transactions throughout the issuance and redemption lifecycle, and connect those processes with internal treasury and payment systems.

Ripple said Ripple Mint is designed to reduce operational complexity for exchanges, market makers, fintech firms, and other institutional users expanding their RLUSD activity. The company expects RLUSD to become available across more exchanges, decentralized finance protocols, payment platforms, and other on-chain financial applications.