Swiss bank AMINA becomes the first global bank to support Ripple's RLUSD stablecoin, marking a significant step in stablecoin adoption in traditional finance.
RLUSD is fully backed by U.S. dollar reserves, issued by Standard Custody under NYDFS oversight, and available on Ethereum and the XRP Ledger, fostering its applicability in DeFi and enterprise settlements.
The endorsement of Ripple's RLUSD by AMINA and Switzerland's crypto-friendly environment is driving demand and market cap growth, setting the stage for potential expansion into other markets.
Altcoins to watch after this development include BTC Bull Token ($BTCBULL) linked to Bitcoin's performance, TOKEN6900 ($T6900) capitalizing on meme narrative, and Chainlink ($LINK) playing a vital role in Ripple's RLUSD ecosystem.