XRP Stablecoin RLUSD Gets First Bank Support at AMINA

XRP’s stablecoin RLUSD has marked a major milestone as AMINA Bank becomes the first bank globally to support the digital asset. This development signals growing institutional acceptance as stablecoins continue to secure a stronger foothold in regulated financial ecosystems.

On July 3, Swiss-based AMINA Bank revealed it had officially integrated Ripple’s RLUSD token, offering custody and trading services exclusively to institutional clients and professional investors. The bank, recognized for its crypto-forward initiatives, is positioning itself to meet the growing demand for compliant and secure stablecoin services.

According to the announcement, AMINA’s decision to support RLUSD stems from a broader strategy to empower clients with secure digital asset options that align with global compliance standards. While RLUSD support is currently limited to storage and trading functionalities, the bank has plans to broaden its digital asset service suite in the near future.

“At AMINA Bank, we are committed to integrating cutting-edge products so that our clients may best navigate and adopt digital assets in their day-to-day activities,” stated Myles Harrison, Chief Product Officer at AMINA. He emphasized the value of transparency and regulation in Ripple’s approach, highlighting why RLUSD stood out as a flagship offering in the stablecoin arena.

Ripple’s RLUSD stands as a fully collateralized stablecoin, backed by segregated reserves comprising cash and equivalents such as U.S. Treasuries. It operates under the rigorous oversight of the New York Department of Financial Services (NYDFS), a key factor that bolsters its credibility among institutional players. As of now, the stablecoin’s circulating supply stands at $430 million, reflecting a solid initial uptake.

In tandem with the AMINA integration, Ripple also disclosed that it has submitted an application for a U.S. banking license. Should the license be granted, the firm would achieve federal regulatory oversight, further legitimizing the RLUSD token in the eyes of investors and institutions. This move is part of a larger push by Ripple to anchor its dollar-pegged token within the broader financial infrastructure while strengthening investor confidence.

The announcement arrives as stablecoins gain traction globally and regulatory frameworks begin to take shape. U.S. lawmakers have been advancing the GENIUS Act—a bill designed to establish a clear national framework for stablecoin regulation. These developments underscore a significant institutional push to integrate asset-backed digital tokens into traditional banking systems while maintaining security and regulatory accountability.

AMINA’s Broader Stablecoin Strategy

Prior to this development, AMINA Bank had already begun carving a niche for itself within the stablecoin industry. Earlier this year, the bank eliminated custody fees for users of its USD Coin (USDC) Rewards Account. This offer was extended to clients maintaining an average wallet balance of 10,000 USDC or more, providing them with a 0.2% quarterly interest rate. The program spanned across both hot and cold wallet storage options, signaling an inclusive approach to digital asset management.

Following the USDC initiative, AMINA also announced upcoming support for EURC—Circle’s euro-backed stablecoin. The same reward structure will apply to EURC holdings, enabling investors to earn interest across multiple stablecoin options. This broader adoption strategy places AMINA as a front-runner among traditional financial institutions embracing the evolving digital finance landscape.

Related: Expert Advice: Sell XRP If You’re Confused

As the digital asset sector matures, the convergence of blockchain innovations like XRP’s RLUSD with mainstream banks such as AMINA signifies a pivotal shift. By institutionalizing stablecoins under regulated custody and trading environments, the financial world is setting the stage for a more integrated and balanced fusion of traditional and digital finance.