Ripple expands RLUSD distribution with BNY, Cross River, and Coinbase integrations

Ripple is broadening its focus on institutional stablecoin solutions as more banks and fintech firms integrate Ripple USD (RLUSD) into their operational frameworks. The company is seeking to position RLUSD as a backbone for payment, custody, and treasury functions within the financial sector. At the core of Ripple’s strategy is Ripple Mint, a platform introduced on July 23 that provides institutions with a streamlined process to mint, redeem, and administer RLUSD. The platform offers both a user interface and direct API integration, serving organizations that require programmable access to stablecoin functions. Institutions can deposit US dollars to create RLUSD, subject to compliance protocols. These stablecoins can be redeemed for US dollars whenever needed, with transactions and balances managed through a single dashboard interface.

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