menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Ripple News

>

Ripple RLU...
source image

Crypto-News-Flash

3w

read

78

img
dot

Image Credit: Crypto-News-Flash

Ripple RLUSD Stablecoin Gains 20% After Key Global Bank Integration

  • Ripple's RLUSD stablecoin saw a 20% surge in trading volume within 24 hours after receiving support from Switzerland's AMINA Bank, making it the first fully regulated bank to back RLUSD.
  • AMINA Bank now offers custody and trading of RLUSD for institutional clients, marking a significant shift that allows traditional investors to enter the stablecoin space with a regulated partner.
  • Ripple applied for a national banking charter in the U.S. to operate nationwide and requested a Master Account with the U.S. Federal Reserve to enhance security by holding RLUSD reserves directly with the Fed.
  • The move by AMINA Bank and Ripple's application for banking licenses align with upcoming stablecoin regulation changes, indicating a changing attitude in traditional finance with more regulated financial institutions collaborating with tokenized dollar providers.

Read Full Article

like

4 Likes

For uninterrupted reading, download the app