Ripple launched Ripple Mint on July 23, 2026, a dedicated platform that gives institutions a unified way to access, mint, redeem, and manage RLUSD through both a browser portal and a programm
Ripple launched Ripple Mint on July 23, 2026, a dedicated platform that gives institutions a unified way to access, mint, redeem, and manage RLUSD through both a browser portal and a programmatic API stack, sharpening the company's push to make its dollar stablecoin easier for enterprises to use at scale.
Ripple said on July 23, 2026 that Ripple Mint is a single point of access for institutions to mint, redeem, and manage RLUSD, packaging what were previously fragmented steps into one workflow. For related coverage, see Tesla Did Not Sell Its 11,509 BTC in Q2 2026.
The product is built for treasury and operations teams rather than retail holders. It supports both user-interface access and programmatic integration, including APIs and webhook notifications that let institutions track RLUSD workflows end to end. For related coverage, see Poolin Bankruptcy Filing Marks New Blow to Bitcoin Mining Sector.
Ripple says RLUSD is redeemable 1:1 for U.S. dollars through Ripple Mint, and that the token is fully backed by segregated cash and cash equivalents, according to its stablecoin product page. That redemption path sits at the center of the platform's value to enterprises managing dollar liquidity. For related coverage, see Drift Protocol Exploiter Moves 23,095 ETH to Tornado Cash.
RLUSD is currently available across seven networks, including XRPL, Base, Ethereum, Ink, Optimism, Unichain, and the XRPL EVM sidechain, per Ripple's documentation. That multi-chain footprint gives institutions flexibility in where they hold and move the token.
Ripple's transparency page listed total circulating RLUSD at $1,508.6M as of July 16, 2026, a scale that makes streamlined institutional access more than a convenience feature.
Ripple transparency Total Circulating RLUSD $1,508.6M Ripple's transparency page listed total circulating RLUSD as of July 16, 2026. Source: RippleThe same page reported RLUSD reserve funds at $1,619.1M, exceeding the circulating supply and underpinning the 1:1 redemption Ripple Mint offers.
Ripple transparency RLUSD Reserve Funds $1,619.1M Ripple's transparency page listed RLUSD reserve funds as of July 16, 2026. Source: RippleCompliance framing is central to the pitch. RLUSD is issued by Standard Custody & Trust Company, a New York Department of Financial Services chartered trust company, and direct customers must meet bank-level KYC, AML, and sanctions-screening requirements.
That regulated posture aligns with Ripple's wider European standing after ESMA added the company to its MiCA register, and it contrasts with the legal uncertainty Ripple faced when its CEO said the SEC lawsuit nearly shut the company down.
Market data reflected a stable peg, with RLUSD trading at $0.99996 against roughly $1.596 billion in market cap and about $68.2 million in 24-hour volume at fetch time.
The launch pushes Ripple directly against Circle, whose Circle Mint already serves as the benchmark for institutional stablecoin mint and redemption infrastructure.
The competitive edge Ripple is pressing is operational rather than about token supply. Ripple Mint's webhooks and reference IDs for end-to-end lifecycle tracking, combined with RLUSD's documented spread across Base, Optimism, Ink, Unichain, and the XRPL EVM sidechain, are features aimed at how institutions integrate a stablecoin, not just whether they can obtain one.
That reframes the contest between issuers as one over access, compliance, and distribution rails. With reserves reported above circulating supply and a chartered issuer behind it, Ripple is betting that enterprises will choose a stablecoin on workflow and regulatory clarity as much as on liquidity.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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