2 weeks ago
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Key Takeaways
- The platform is designed to reduce the operational work involved in moving between dollars and RLUSD.
- Easier issuance could support RLUSD’s growth, but only when customer demand exceeds redemptions.
- Recent partnerships have expanded access to RLUSD, although detailed usage data remains limited.
Ripple Mint gives approved institutional customers a direct way to issue, redeem and manage RLUSD through either a web interface or an application programming interface, commonly known as an API.
The launch is not aimed at changing what RLUSD is. It changes how institutions gain access to it. Instead of handling each request through a largely manual process, a fintech, exchange or market maker can connect RLUSD operations to the software it already uses.
That could matter more than the addition of another trading platform. Stablecoins become more useful to financial firms when they can be obtained, moved and redeemed without creating a separate operational process for every...
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