Great news for crypto! AMINA Bank AG, a Swiss digital bank, is the first bank to support Ripple’s stablecoin, Ripple USD( #RLUSD ) This move brings crypto and banks closer. Let’s see what it means for crypto and stablecoins.
What is RLUSD?
RLUSD is Ripple’s stablecoin, tied 1:1 to the US dollar ($1 RLUSD = $1). It works on $XRP XRPLedger and #Ethereum and is regulated by the New York Department of Financial Services (NYDFS). Standard Custody holds the dollar reserves to keep it safe. In June 2025, RLUSD’s market value hit $440 million, but it’s smaller than $BNB $USDT ($100B+) or USDC ($30B+).
AMINA Bank’s Role
AMINA, based in Switzerland’s “Crypto Valley,” is a crypto-friendly bank with licenses in Switzerland, Abu Dhabi, and Hong Kong. It offers custody (safe storage) and trading for RLUSD to big clients like companies and investors. AMINA’s Chief Product Officer, Myles Harrison, said: “We’re proud to support RLUSD and bring this stablecoin to our clients.”
Why It Matters
This partnership shows banks can work with crypto. RLUSD is built for businesses and investors who want fast, cheap, and regulated digital payments. AMINA’s move could encourage other banks to try #stablecoins.
Challenges Ahead
• Competition: RLUSD competes with bigger stablecoins like USDT and USDC, which are widely used. It needs to stand out.
• Rules: Stablecoins face strict regulations. The EU’s #MiCA laws could limit RLUSD in Europe. Ripple applied for a US bank charter on July 2, 2025, which could help, but it’s not approved yet.
• XRP Impact: RLUSD uses XRP Ledger, but it may not directly boost #XRP’s price.
• Access: AMINA serves big clients, so small investors might not use RLUSD easily.
Final Thoughts
AMINA supporting RLUSD is a big step for #blockchain in banking. But RLUSD must grow and handle rules to compete. What do you think about this?
📌 Key Points:
• AMINA is first bank to support #RLUSD.
• RLUSD is Ripple’s regulated stablecoin.
• It’s for big clients, not small investors yet.
• Faces competition from #USDT, #USDC.
• #MiCA rules could affect it.
#CryptoNews #Ripple #Stablecoin #Blockchain #Finance
