On July 23, Ripple announced Mint platform for institutional RLUSD issuance and management
Key Facts
On July 23, 2026, Ripple announced Ripple Mint, describing it as a unified way for institutions to access, mint, redeem and manage its RLUSD stablecoin. The platform announcement dates to that day, and the available information does not establish a new launch on November 10. The service allows institutions to handle the stablecoin through a user interface or software integration, according to Ripple. The company said this option gives customers flexibility to manage operations manually or connect the currency to their internal systems. The tools are designed to manage workflows tied to the stablecoin within institutional operations.
Ripple said APIs and webhook notifications enable customers to integrate RLUSD workflows directly into their systems, automate processes and view transaction and settlement status. Institutions can query transaction status and balances and receive alerts as operations move between stages. The notifications include receipt of fiat funds, minting processing, on-chain settlement and payment completion, the company said. These functions link the stages in a single flow, from the arrival of funds through payment completion. The platform is available to existing RLUSD customers, according to Ripple’s page for the service.
In transparency data published for the stablecoin, Ripple said total RLUSD in circulation stood at $2,632.9 million, while reserves totaled $2,748.0 million, according to data as of November 5, 2026. The company publishes monthly reserve reports prepared by an independent third-party accounting firm. Ripple said the reports verify the circulating supply and the assets backing the stablecoin. It also said RLUSD is issued by Standard Custody & Trust Company, a trust company licensed by the New York State Department of Financial Services. Ripple says the stablecoin is backed by U.S. dollar deposits, U.S. government securities and cash equivalents.
Mint’s tools came as part of a broader expansion of RLUSD’s availability to trading platforms and institutions. On October 28, Ripple and Coinbase announced a partnership to make the stablecoin available on the Coinbase platform to retail and institutional customers, with support for XRP Ledger, Base and Ethereum. Ripple said in the announcement that RLUSD’s market capitalization had exceeded $2.4 billion since its launch in December 2024. The previous day, the company said BNY’s digital custody platform had begun supporting XRP and RLUSD. It added that BNY intended to work with it to enable the bank’s customers to mint and redeem RLUSD directly through the bank, subject to final approvals from BNY and regulators.
On October 26, 2026, the charter of Ripple National Trust Bank took effect following conditional approval recorded on December 12, 2025, according to the U.S. Office of the Comptroller of the Currency’s database. Ripple said the bank’s approved activities include managing the segregated reserves backing RLUSD and serving as a collateral trustee for holders of the stablecoin, as well as holding digital assets in a fiduciary capacity. The company also said on October 28 that RLUSD was being used across its solutions, including as collateral in on-chain repo markets. It said the stablecoin is available on Coinbase, Robinhood, Binance, Kraken and OKX. Enabling BNY customers to mint and redeem directly through the bank remains subject to the final approvals Ripple cited.