Blockchain company Ripple has launched Ripple Mint, a new platform that allows institutional clients to create, manage, and transfer its Ripple USD (RLUSD) stablecoin across different networks. According to the company’s statement, Ripple Mint enables institutions to mint and redeem RLUSD, bridge assets across supported blockchain networks, and track transactions end-to-end. The platform will be accessible via both a web-based user interface and API integration. Ripple stated that the new platform was developed specifically for customers who handle high-volume transactions and need automation, real-time visibility, and on-premises system integration instead of manual processes. Organizations will be able to integrate RLUSD transactions directly into their own infrastructure via Ripple Mint. This will allow processes such as treasury management, payments, and trading operations to be automated. Customers who wish to perform manual transactions can control their activities through the web console. Related News: Former SEC Chairman Gary Gensler’s Last Remnants Have Been Cleared Away—SEC to Pay Compensation in Crypto Case Ripple stated that existing customers will be able to continue using the platform without any interruption, and that security, compliance, and operational monitoring tools will be preserved in the new system. RLUSD is issued by Standard Custody & Trust Company, which is authorized by the New York Department of Financial Services. Ripple argues that this regulatory framework provides transparency and trust in the institutional use of the stablecoin. The company statement noted that stablecoins are increasingly being used in trading, payments, and treasury operations, and that access to RLUSD should go beyond manual workflows. RLUSD has a market capitalization of approximately $1.5 billion. However, the stablecoin’s monthly transaction volume has decreased by nearly 25%, from approximately $14.6 billion to $11 billion. *This is not investment advice. Continue Reading: Ripple (XRP) Shows No Signs of Slowing Down—They Announced a New Initiative Today
