Ripple’s RLUSD Stablecoin Lands First Bank Integration via AMINA
2025-07-03 18:22:54
Main Idea
AMINA Bank has become the first global bank to directly support Ripple USD (RLUSD), offering custody and trading services, and plans to expand its digital asset services in the future.
Key Points
1. AMINA Bank is the first bank globally to directly support Ripple USD (RLUSD), initially providing custody and trading services.
2. RLUSD is backed by a reserve of cash and cash equivalents, including U.S. Treasuries, and is overseen by the New York Department of Financial Services (NYDFS).
3. Ripple has applied for a U.S. banking license to enhance trust in its dollar-pegged crypto asset, which would place it under federal oversight if approved.
4. AMINA Bank also offers a rewards program for USD Coin (USDC) and EURC holders, providing quarterly interest for maintaining certain balances.
5. The bank emphasizes Ripple's focus on transparency and compliance, viewing it as a strong partner for expanding institutional-grade digital asset services.
Description
Swiss financial institution AMINA has become the first bank in the world to support Ripple USD (RLUSD). This initiative comes as stablecoins experience rapid growth and lawmakers move forward with efforts to oversee the asset class. The Company’s Offering In a press release dated July 3, the crypto-friendly bank revealed that it had officially become “the first bank globally to directly support Ripple USD.” AMINA announced that it will initially only provide custody and trading services for RLUS...
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