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RLUSD Blockchain company Ripple launches Ripple Mint platform to help institutional customers manage RLUSD stablecoins across networks.
Blockchain company Ripple officially released a new platform Ripple Mint, which enables institutional customers to create, manage and transfer their Ripple USD (RLUSD) stablecoins between different networks. According to the company's statement, Ripple Mint supports institutions to conduct the casting and redemption of RLUSD, bridge assets across blockchain networks, and achieve end-to-end transaction tracking. The platform will be open to use through web-side user interfaces and API integration.
Focus on high-frequency trading needs and achieve automation and real-time monitoring
Ripple said that the new platform is designed for customers who process high-frequency trading and need automated operations, real-time visibility and local system integration. Developed to replace traditional manual processes. Companies can use Ripple Mint to integrate RLUSD transactions directly into their infrastructure, thereby automating the management of funds pools, payments and trading operations. For users who want to execute transactions manually, they can also manage activities independently through a web console.
Existing customers are seamlessly connected and the security compliance system continues
Ripple emphasized that existing customers can continue to use the platform without any impact, and the new system will retain security, compliance and operational monitoring tools. RLUSD is issued by Standard Custody & Trust Company authorized by the New York Department of Financial Services. Ripple believes that this regulatory framework provides a foundation for transparency and trust for institutions to use stablecoins.
Stability coin market landscape: RLUSD trading volume faces adjustment
The company statement pointed out that stablecoins are increasingly widely used in transactions, payments and fund bank operations, and the method of obtaining RLUSD should not be limited to manual processes. The current market value of RLUSD is approximately US$1.5 billion, but its monthly trading volume has dropped nearly 25% from approximately US$14.6 billion to around US$11 billion.
* This article does not constitute investment advice.
