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 markets. Swiss-regulated crypto bank Amina Bank AG revealed on July 3 that it has become the first bank worldwide to offer direct support for Ripple USD (RLUSD), a USD-backed stablecoin designed to merge regulatory compliance with blockchain-native efficiency.
The Zug-based bank announced it will provide custody and trading services for RLUSD, initially targeting institutional and corporate clients. Myles Harrison, Chief Product Officer of Amina Bank, stated:
We are proud to be the first bank to support RLUSD and to provide our clients with access to one of the most anticipated digital assets in the market.
RLUSD, which surpassed a $440 million market cap in June, is issued on both the XRP Ledger and Ethereum and is redeemable 1:1 for U.S. dollars through reserves held by Standard Custody, a Ripple Labs subsidiary. Standard Custody operates under the oversight of the New York State Department of Financial Services. Amina’s initiative taps into this foundation to meet growing demand.
The bank highlighted: “Amina Bank’s RLUSD offering comes amid a surge in demand for regulated stablecoins. With the acceleration of institutional adoption and demand for regulated solutions, Amina has established itself as an essential infrastructure provider at crypto’s critical inflection point.” Amina continued:
As the first bank globally to offer its clients access to RLUSD, Amina Bank continues to deliver the latest digital economy trends to its diverse individual, institutional and corporate client base.
With licensing across Switzerland, Abu Dhabi, and Hong Kong, Amina is leveraging its global regulatory footprint to offer institutional-grade access to digital assets. While skeptics argue stablecoins risk enabling regulatory arbitrage and weakening financial safeguards, supporters emphasize their potential to enable transparent, cost-effective, and instant cross-border financial transactions.
Source: Bitcoin
