Blockchain company Ripple has announced the launch of Ripple Mint, a new platform designed to let institutional clients create, manage, and transfer its Ripple USD (RLUSD) stablecoin across multiple blockchain 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 available through both a web-based user interface and API integration. The cross-chain functionality comes as institutional demand for stablecoins that operate across multiple networks has grown, with larger players increasingly seeking interoperability rather than being locked into a single blockchain ecosystem.

Ripple said the platform was developed specifically for customers handling high-volume transactions who require automation, real-time visibility, and on-premises system integration rather than manual processes. Organizations will be able to integrate RLUSD transactions directly into their own infrastructure via Ripple Mint, allowing treasury management, payments, and trading operations to be automated. Customers who prefer manual transactions can manage their activities through the web console.

Existing customers will be able to continue using the platform without interruption, Ripple confirmed. 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 for institutional use of the stablecoin. The NYDFS-regulated trust company structure places RLUSD within one of the more stringent U.S. regulatory regimes for digital assets, a factor that has become increasingly relevant as global stablecoin oversight intensifies, including the EU's MiCA framework and advancing stablecoin legislation in the U.S. Congress.

The company noted that stablecoins are increasingly being used in trading, payments, and treasury operations, and that access to RLUSD should extend beyond manual workflows. Ripple is entering a market dominated by Tether's USDT and Circle's USDC, which together account for the vast majority of stablecoin circulation worldwide.

RLUSD currently has a market capitalization of approximately $1.5 billion. However, the stablecoin's monthly transaction volume has declined by nearly 25%, falling from approximately $14.6 billion to $11 billion.