Ripple’s RLUSD Stablecoin Lands First Bank Integration via AMINA

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.