AMINA Bank, a Swiss-regulated financial institution, has become the first global bank to offer support for RLUSD, Ripple’s USD-pegged stablecoin. According to a newly released press statement, the bank will provide custody and trading services for RLUSD in jurisdictions where the stablecoin is accepted. Starting July 3, AMINA clients will be able to directly hold and trade RLUSD through the bank’s platform.
Following the announcement, RLUSD saw a notable uptick in market activity. The stablecoin’s market capitalization increased by over 3% in the past 24 hours, accompanied by a 28.2% surge in daily trading volume, which reached $45.6 million.
Ripple’s native token, XRP, also benefited from the news. At the time of writing, XRP has risen 3.86% in the last 24 hours, climbing to $2.27. Its market capitalization has grown by 3.87%, now standing at $134.3 billion.
According to the latest announcement, AMINA Bank’s newly launched RLUSD service will initially be available to institutional clients, corporations, and professional investors. The Swiss-regulated, pro-crypto bank plans to broaden access to the service in the coming months.
Myles Harrison, Chief Product Officer at AMINA Bank, highlighted the significance of the move, stating, “This marks the first time a global bank is publicly offering its clients the ability to hold and trade the Ripple USD stablecoin directly through their bank accounts.”
Harrison also praised Ripple as a strategic partner: “Ripple’s commitment to transparency and compliance makes them ideal collaborators as we continue our mission to expand institutional-grade digital asset services.”
The move reinforces AMINA Bank’s position as a crypto-forward institution under the oversight of the Swiss Financial Market Supervisory Authority (FINMA). The bank has consistently advanced digital asset adoption, making several crypto-supportive moves in recent months.
Earlier this year, AMINA Bank eliminated custody fees for clients using USD Coin (USDC) Stablecoin Rewards Accounts, applying the fee waiver to both hot and cold wallet storage. Additionally, the bank announced plans to add support for EURC, further expanding its stablecoin offerings.
