Swiss Crypto Bank AMINA Becomes First Global Bank to Support Ripple’s RLUSD Stablecoin
In a significant development for the cryptocurrency and traditional banking sectors, Swiss-based crypto-focused financial institution AMINA Bank has announced its support for Ripple’s newly launched stablecoin, RLUSD. The bank claims to be the first globally operating bank to offer custody and trading services for RLUSD, marking a milestone in the growing integration between digital assets and conventional banking systems.
AMINA Bank’s Initiative
Starting Thursday, AMINA Bank began providing institutional clients and professional investors the ability to custody and trade Ripple USD (RLUSD), a stablecoin pegged to the U.S. dollar. The bank has expressed intentions to roll out expanded services involving RLUSD in the coming months, aiming to bridge the gap between traditional financial infrastructure and emerging crypto assets equipped with regulatory safeguards.
“We are proud to be the first global bank to support RLUSD, providing compliant stablecoin solutions to our clients,” stated AMINA Bank. Headquartered in Zug, Switzerland—a notable crypto hub—the bank is licensed by the Swiss Financial Market Supervisory Authority (FINMA) and operates regulated offices in Hong Kong and Abu Dhabi.
Overview of RLUSD and Stablecoins
RLUSD is a dollar-pegged stablecoin launched by Ripple, backed by U.S. Treasuries, and regulated by the New York Department of Financial Services. Currently, it has a circulating supply valued at approximately $430 million. Stablecoins like RLUSD have witnessed rapid adoption as digital assets designed to maintain stable valuations by being pegged to fiat currencies. The broader stablecoin market is estimated at around $250 billion, underscoring its growing importance in global finance.
The regulation of stablecoins is advancing worldwide as financial authorities seek to integrate these digital assets into existing monetary frameworks safely. Ripple’s RLUSD distinguishes itself by its regulatory compliance and asset backing, positioning it as a promising player in this evolving landscape.
Financial Industry Impact
AMINA Bank’s support for RLUSD reflects a broader trend where financial institutions aim to incorporate crypto solutions within a regulated environment, attracting institutional investors who prioritize compliance and security. By offering regulated custody and trading services, AMINA intends to grant its clients access to innovative financial instruments, helping to foster confidence in the use of stablecoins for payments and other financial functions.
The move also marks a competitive step for Ripple as the company pushes for further adoption of its stablecoin amid its ongoing regulatory initiatives, including its recent application for a federal bank trust charter in the United States.
Cryptocurrency Market Snapshot
As of the latest market data, bitcoin (BTC) is trading at approximately $109,664, showing a modest increase of 0.58%, while Ripple’s XRP token has also seen positive momentum with a 0.77% gain, priced around $2.2650. This reflects broader market interest in Ripple’s ecosystem as stablecoins like RLUSD gain traction.
Looking Ahead
AMINA Bank’s pioneering role in integrating RLUSD signals a growing acceptance of stablecoins by mainstream financial players. As regulatory frameworks become clearer and demand for compliant digital assets rises, more banks and financial services companies may follow suit in adopting stablecoins for custody and trading operations.
For institutional investors and professional traders, this development offers a regulated avenue to engage with stablecoins, potentially accelerating the use of blockchain-based money in traditional finance. The coming months are expected to see AMINA unveil additional services related to RLUSD, underscoring the dynamic evolution of the crypto-banking interface.
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Krisztian Sandor, reporting from CoinDesk
Edited by Nikhilesh De
July 3, 2025