In a major step toward institutional adoption of stablecoins, Switzerland-based AMINA Bank has become the first globally operating bank to support Ripple’s USD-pegged stablecoin RLUSD, expanding the bridge between traditional finance and blockchain-based assets.
AMINA Bank Launches Custody and Trading for RLUSD
On July 4, AMINA Bank announced that it now offers custody and trading services for Ripple’s RLUSD to institutional clients and professional investors. The bank plans to expand its RLUSD offerings in the coming months, further integrating the stablecoin into its suite of regulated crypto services.
“AMINA is now the first global bank to support RLUSD, reinforcing our mission to connect traditional banking with digital asset infrastructure,” the firm stated in an official release.
Why RLUSD Matters for Stablecoin Adoption
RLUSD, Ripple’s newly launched U.S. dollar-pegged stablecoin, is backed by U.S. Treasuries and is regulated by the New York Department of Financial Services (NYDFS). The stablecoin currently has a supply of $430 million and is part of Ripple’s broader push into regulated digital payments.
“Stablecoins are rapidly becoming essential to institutional crypto adoption and digital finance,” AMINA added, citing the growing regulatory clarity around the asset class.
Stablecoins represent a $250 billion market, and the demand for compliant, transparent, and asset-backed tokens is intensifying among financial institutions.
AMINA Bank’s Global Footprint and Crypto Strategy
AMINA Bank, headquartered in Zug, Switzerland, is licensed by the Swiss Financial Market Supervisory Authority (FINMA) and operates in Hong Kong and Abu Dhabi, offering regulated digital asset services across multiple jurisdictions.
By integrating RLUSD, AMINA is solidifying its role as a crypto-friendly financial institution with a focus on compliance and innovation. The bank is building a product suite that allows institutional investors to gain exposure to stable digital currencies within a regulated framework.
“Our aim is to give clients access to the next generation of financial instruments while maintaining robust regulatory standards,” the bank emphasized.
A Milestone for Institutional Stablecoin Adoption
AMINA Bank’s RLUSD rollout marks a milestone in the adoption of stablecoins by traditional financial institutions. As regulations take shape and infrastructure matures, partnerships like this signal the future convergence of traditional banking and blockchain-powered finance.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.