Ripple News: Swiss Crypto Bank AMINA First to Support RLUSD Stablecoin
AMINA Bank has officially become the first globally operating bank to provide services with Ripple's newly launched RLUSD stablecoin, pegged to the U.S. dollar. The bank's initial offerings will focus on custody and trading of RLUSD, aimed at institutional clients and professional investors who are seeking compliant stablecoin options. The move aligns with the increasing integration of stablecoins into financial systems, as regulatory frameworks are developing around the asset class. Currently, stablecoins represent a $250 billion market and are experiencing rapid growth. Ripple's RLUSD is backed by U.S. Treasuries and regulated by the New York Department of Financial Services, holding a supply of $430 million. AMINA is positioned to connect traditional banking with crypto infrastructure, enabling clients to access innovative financial instruments while operating within regulatory parameters.
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