Ripple, a blockchain-focused fintech firm, has launched Ripple Mint, a platform that offers establishments new methods to entry, mint, redeem and handle its US dollar-pegged stablecoin, Ripple USD (RLUSD).
The corporate introduced Ripple Mint on Thursday, describing it as a unified platform that lets establishments handle RLUSD by way of an internet interface or direct utility programming interface (API) integrations.
“Ripple Mint is constructed to provide establishments versatile entry to digital {dollars} by way of the workflows that match their wants,” Ripple stated, including that the platform is designed to assist each handbook operations and automatic integrations as establishments undertake stablecoins for funds, buying and selling and treasury actions.
RLUSD launched in December 2024 with a deal with institutional use, though the stablecoin has additionally gained traction amongst retail customers. The token has grown into one of many bigger US dollar-based stablecoins by market capitalization, reaching the highest 10 lower than one 12 months after launch.
The token reached its all-time excessive market capitalization on June 1, 2026, when it surpassed $1.8 billion, in response to CoinGecko. Across the Ripple Mint launch, RLUSD’s market cap briefly rose from about $1.54 billion to $1.64 billion earlier than settling close to $1.59 billion.
On the time of publication, RLUSD ranked because the ninth-largest USD-pegged stablecoin by market capitalization.
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