AMINA Bank has launched the first global custody support for Ripple's RLUSD, a dollar-pegged stablecoin backed by U.S. Treasuries and regulated by the New York Department of Financial Services.
RLUSD has gained early demand with a circulating supply of $430 million, indicating the interest in compliant digital dollar alternatives.
AMINA Bank, licensed by FINMA and under regulatory supervision in Abu Dhabi and Hong Kong, aims to bridge traditional banking with crypto finance, supporting RLUSD to meet global compliance standards.
This move not only strengthens Ripple's position in the stablecoin market but also signals potential for future product expansions such as interest-bearing accounts, payment integrations, and more institutional trading solutions.