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Ripple USD Gets Support From First Global Bank

  • AMINA Bank in Switzerland has started offering custody and trading services for Ripple USD (RLUSD), becoming the first bank globally to support this stablecoin.
  • AMINA Bank's decision signifies RLUSD's entry into the traditional banking system, backed by cash reserves supervised by NYDFS and available on the XRP Ledger and Ethereum.
  • RLUSD's market capitalization has surpassed $440 million since its launch in mid-December 2024, reflecting growing institutional interest in regulated digital currencies.
  • Ripple has applied for a national bank charter in the US and a Federal Reserve master account through its subsidiary, aiming to enhance trust and compliance in the stablecoin market.

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