Thursday, July 23, 2026 · XRPTRACER news
By XRPTRACER Research Team
Ripple has launched Ripple Mint, a single platform for institutions to mint, redeem, bridge and track RLUSD, through either a web console or APIs. Alongside it, RLUSD's multichain expansion now covers the XRPL EVM Sidechain, Base, Optimism, Ink and Unichain, on top of its original homes on the XRP Ledger and Ethereum.
XRP market moves
XRP opened July 23 (00:00 UTC) at about $1.14, essentially flat on the day, with a market cap near $71.3B (CoinGecko daily history). That holds most of this week's push from about $1.10 on July 20. Traders are still watching the $1.24–$1.28 resistance zone above and $1.02–$1.06 support below. RLUSD's market cap was about $1.58B (CoinGecko).
Wall Street keeps building
What Ripple Mint does. Until now, Ripple says, RLUSD operations ran through a platform-based experience that didn't fully suit large institutions that need automation. Ripple Mint adds:
- Web console for manual control and oversight
- APIs to start mints and redemptions, check transaction status and query balances
- Webhooks for real-time alerts on fiat receipt, mint processing, on-chain settlement and payout
- Consistent reference IDs that tie each fiat and blockchain step together for reconciliation
Redemptions can settle back to fiat or move RLUSD across supported chains. Ripple Mint is available to existing RLUSD customers today, with no disruption to current workflows, according to Ripple.
Who it's for. Ripple names exchanges, market makers, fintechs and institutional customers. These are the players that move stablecoins in size and need them wired into their own systems, not handled by hand.
The issuer. RLUSD is issued by Standard Custody & Trust Company, a trust company chartered by the New York Department of Financial Services (NYDFS). That regulatory wrapper is central to Ripple's institutional pitch.
The multichain piece, and why XRPL EVM leads it
Ripple says RLUSD's multichain expansion is "being anchored by the XRPL EVM Sidechain," alongside Base, Optimism, Ink and Unichain. The sidechain runs Ethereum-compatible smart contracts while staying connected to the XRP Ledger. Ripple's stated aim is to let RLUSD tap EVM DeFi tooling "while still accruing value and activity back to XRPL infrastructure."
Ripple goes further on XRP itself, saying that as RLUSD spreads, XRP "will increasingly serve as complementary assets for liquidity, settlement, swaps, collateral, and payments activity across supported chains."
Question everything
That last line is a statement of intent, not a measurement. Putting RLUSD on Base or Optimism makes it more useful; it doesn't automatically create XRP demand on those chains, where ETH-based gas and other pairs dominate. The XRPL EVM Sidechain is the one venue where the link to XRP is structural. Watch how much RLUSD actually settles there versus on the larger EVM chains.
What people are talking about
On X, the XRP community reads "anchored by the XRPL EVM Sidechain" as Ripple choosing XRP's ecosystem first. Stablecoin watchers focus on Ripple Mint itself: API minting and webhooks are table stakes for USDC and USDT, and RLUSD now has them. Both reads hold. Ripple Mint closes an operational gap; the chain list is about distribution.
On-chain data
- RLUSD market cap: about $1.58B (CoinGecko daily data, July 23)
- Chains: XRP Ledger, Ethereum, plus XRPL EVM Sidechain, Base, Optimism, Ink, Unichain
- Exchange access: Bitcoin.com notes earlier listings on OKX and Binance
- Per-chain RLUSD supply split: not yet published for the new chains; we'll report it once data is available
Flows and macro
US spot XRP ETFs had their best two days of July: +$2.16M on July 21 and +$5.55M on July 22, per XRP Insights flow data. That brings July to date to about +$12.4M. Still far below June's roughly $57M, but improving. Bitcoin is near $66,100.
What to watch next
- RLUSD supply by chain. Whether the XRPL EVM Sidechain gets a real share, or whether supply concentrates on Base and Ethereum.
- Market cap trend. RLUSD has moved between about $1.4B and $1.7B since June (CoinGecko daily data). Ripple Mint is meant to make growth easier; the number will show whether it does.
- DeFi integrations. Lending markets and DEX pools on XRPL EVM pairing RLUSD with XRP.
- XRP technicals. $1.24–$1.28 remains the zone to beat.
The XRPTRACER take
Ripple Mint is solid operational infrastructure, the kind of unglamorous upgrade that institutional stablecoin issuers need to scale. The multichain move widens RLUSD's reach. For XRP holders, the item to track is the XRPL EVM Sidechain: it's the venue where RLUSD growth most directly feeds XRP-linked activity. We're logging Ripple Mint on the Catalyst Tracker and watching RLUSD supply on the Dashboard.
Sources: Ripple: Meet Ripple Mint · Ripple docs: RLUSD supported chains · Bitcoin.com: Ripple Mint launches · CoinDesk: XRP triangle breakout watch · CoinGecko XRP history · CoinGecko RLUSD · XRP Insights ETF flows
Price is CoinGecko's daily snapshot at 00:00 UTC on July 23, 2026. ETF flows through July 22.
Not investment advice. See our Disclaimer.
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