AMINA Bank in Switzerland is the first global bank to offer support for Ripple's new stablecoin, RLUSD, providing custody and trading services for the USD-pegged digital asset.
Starting July 3rd, clients of AMINA Bank will have access to hold and trade RLUSD, catering initially to professional investors, institutions, and corporations.
Regulated by FINMA, AMINA Bank ensures secure custody of stablecoins, addressing the increasing demand for safe storage options for digital assets.
The move by AMINA Bank to support RLUSD is seen as a strategic partnership with Ripple, aimed at meeting the rising demand for regulated digital money and expanding Ripple's clientele.