Ripple USD Finds First Banking Partner as Swiss Bank Amina Offers RLUSD Access
2025-07-04 02:33:43
Main Idea
Swiss-regulated crypto bank Amina Bank AG has become the first global bank to support Ripple USD (RLUSD), offering custody and trading services for the stablecoin, initially targeting institutional and corporate clients.
Key Points
1. Amina Bank AG announced on July 3 that it will provide custody and trading services for Ripple USD (RLUSD), marking the first global bank to support the stablecoin.
2. RLUSD is a USD-backed stablecoin designed to merge regulatory compliance with digital asset markets, issued on both the XRP Ledger and Ethereum.
3. The stablecoin surpassed a $440 million market cap in June and is redeemable 1:1 for U.S. dollars.
4. Amina Bank operates under the oversight of the New York State Department of Financial Services and is licensed across Switzerland, Abu Dhabi, and Hong Kong.
5. The bank's offering targets institutional and corporate clients initially, with plans to expand to individual clients.
Description
Ripple USD gains major momentum as Amina Bank becomes the first global bank to support RLUSD, signaling a breakthrough moment for regulated digital asset adoption worldwide. Amina Debuts First Bank Support for Ripple’s RLUSD A regulated gateway to stablecoin exposure is rapidly evolving as institutions seek compliant digital assets to bridge traditional finance and crypto
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