Techub News reports, according to CoinDesk, that AMINA Bank, a cryptocurrency-friendly financial institution in Switzerland, has announced support for Ripple's newly launched USD stablecoin RLUSD, becoming the first global bank to offer custody and trading services for this currency.

The service will initially be available to institutional clients and professional investors, with plans for further expansion in the coming months. AMINA Bank stated that its goal is to connect traditional banking with cryptocurrency financial infrastructure, and it has established regulated business hubs in Switzerland, Hong Kong, and Abu Dhabi.