AMINA Bank Launches Services for Ripple’s RLUSD Stablecoin
Swiss bank AMINA Bank has started offering services for Ripple USD (RLUSD), a stablecoin pegged to the U.S. dollar. Key points include:
- First globally operating bank to support RLUSD
- Initial services include custody and trading, aimed at institutional clients
- Plans to expand RLUSD services in the future
- Stablecoins represent a $250 billion asset class
- RLUSD is backed by U.S. Treasuries and regulated by the New York Department of Financial Services, with a supply of $430 million
- AMINA aims to connect traditional banking with crypto infrastructure
AMINA Bank is based in Zug, licensed by Switzerland’s FINMA, and also operates in Hong Kong and Abu Dhabi.