Ripple launched Ripple Mint, a unified platform for institutional RLUSD minting and redemption. The $1.5B stablecoin, chartered by NYDFS, now runs on Base, Optimism, and four other chains.
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Ripple launched Ripple Mint, a platform that gives institutional customers a single interface to mint, redeem, and manage Ripple USD (RLUSD) through a web console or API. RLUSD has grown to more than $1.5 billion in circulating supply, backed by $1.6 billion in reserve assets.
The platform combines a web dashboard with API access, letting institutions mint and redeem RLUSD, move it across supported blockchains, and monitor the full lifecycle from fiat receipt through on-chain settlement. New webhook notifications update customers at each stage – fiat receipt, mint processing, settlement, payout completion – with consistent reference IDs to track across both fiat and blockchain systems, the company said.
Ripple Mint is available now to existing RLUSD customers. The stablecoin is issued by Standard Custody & Trust Company, LLC, a trust company chartered by the New York Department of Financial Services. RLUSD has expanded beyond the XRP Ledger and Ethereum to the XRPL EVM Sidechain, Base, Optimism, Ink, and Unichain, extending availability across Ethereum-compatible ecosystems. Ripple said it expects RLUSD to reach more exchanges and decentralized finance protocols.
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