Ripple Gives Treasury Desks API Access to Mint RLUSD Stablecoin

TLDR

• Ripple launched Ripple Mint on July 23 for institutional RLUSD management.
• Institutions can mint, redeem and manage RLUSD through an API or a web interface.
• RLUSD’s market cap moved from $1.54 billion to $1.64 billion around launch, then settled near $1.59 billion.
• The stablecoin hit an all-time high above $1.8 billion on June 1, 2026.
• RLUSD ranks as the ninth-largest US dollar-pegged stablecoin.

Ripple has rolled out a new platform that lets institutions choose how they create and redeem its stablecoin. The tool, called Ripple Mint, offers both a web interface and direct API connections for managing Ripple USD, or RLUSD.

The launch came on July 23, when the stablecoin’s market value was close to $1.6 billion. RLUSD is pegged to the US dollar and is designed to hold a steady value of $1.

Ripple Mint gives institutions three core functions. They can mint new RLUSD, redeem existing tokens and manage their stablecoin holdings. All three can be done through the same system.

Two Paths for Different Teams

Ripple said the platform was built around how institutional users already work. Rather than forcing one method, it gives teams a choice based on their own setup.

A treasury desk that runs automated workflows can connect through an API. This lets software handle minting and redemption without a person clicking through each step.

Teams that prefer manual controls can use the web interface instead. This option suits groups that want to review and approve each action by hand. Both options give access to the same mint and redeem functions.

The company said Ripple Mint is meant to support institutions using stablecoins for payments, trading and treasury work. Ripple has described the product as infrastructure rather than a retail offering.

Ripple has pointed to workflow flexibility as the main feature of the platform. The company said it is aimed at enterprise clients managing digital dollar positions at scale.

RLUSD first launched in December 2024. Its early focus was on institutional adoption, though retail users have also started holding the token since then.

The stablecoin grew quickly after launch. In less than a year, it entered the top 10 US dollar-pegged stablecoins by market capitalization. It reached that mark before Ripple Mint was announced.

Ripple has also expanded its regulatory reach in Europe. The company received a MiCA crypto-asset service provider license through Luxembourg. The license covers 30 countries in the European Economic Area.

RLUSD Market Cap Moves Around Launch

RLUSD hit its all-time high market capitalization on June 1, 2026. On that date, its value climbed above $1.8 billion. That record came less than two months before the Ripple Mint launch.

The token’s market cap then pulled back in the weeks that followed. By the time Ripple Mint went live, it stood below that peak.

Around the July 23 launch, RLUSD’s market cap rose from about $1.54 billion to roughly $1.64 billion. That was a gain of about $100 million over a short period.

The figure did not hold at that level. RLUSD’s market cap later settled near $1.59 billion, a drop of about $50 million from the short-term high.

The stablecoin still sits roughly $200 million below its June record. It now competes with a growing group of stablecoins seeking institutional treasury and payments business.

At the time of the latest data, RLUSD ranked as the ninth-largest US dollar-pegged stablecoin by market capitalization. It holds that spot less than two years after its launch.

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