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Ripple launches Ripple Mint for institutional RLUSD stablecoin management with API and web options.

Protocol Fundamentals
10 Nov 2026, 12:43 WIB
Blockonomi
View Source
Bullish
Ripple launches Ripple Mint for institutional RLUSD stablecoin management with API and web options.

Ripple introduced Ripple Mint on July 23, a platform allowing institutions to mint, redeem, and manage its US dollar-pegged stablecoin RLUSD via API or web interface. RLUSD's market cap rose from $1.54 billion to $1.64 billion around the launch but later stabilized near $1.59 billion, below its $1.8 billion peak in June 2026. The platform offers flexibility for different institutional workflows, supporting payments, trading, and treasury functions. RLUSD ranks as the ninth-largest USD stablecoin less than two years after its December 2024 launch, with Ripple also expanding regulatory reach in Europe through a MiCA license.

XRP, Ripple's native token, trades at Rp19.506 on Pluang as of Nov 10, 2026, 18:01 WIB, showing a 0.65% decline in the past day. Market activity on Pluang is fairly balanced with 54% of orders buying and 46% selling XRP. Typical holders keep their XRP for about 73 days, indicating moderate investor engagement amid Ripple's ongoing stablecoin developments.

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