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July 7, 2025 – In a significant milestone for the stablecoin ecosystem, Swiss-based AMINA Bank has become the first internationally operating bank to offer trading and custody services for Ripple’s U.S. dollar-pegged stablecoin, $RLUSD. This move reinforces AMINA’s commitment to bridging traditional finance and digital assets under stringent regulatory compliance across multiple jurisdictions.
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🔹 A Landmark Integration: RLUSD Trading and Custody Now Available at AMINA
AMINA’s announcement marks the official integration of RLUSD into its suite of digital asset services. Backed by U.S. Treasury securities and regulated by the New York Department of Financial Services (NYDFS), $RLUSD represents Ripple’s latest initiative to establish a fully transparent and enterprise-grade stablecoin for global financial markets.
From launch, AMINA clients will have access to custody and trading functionalities, with plans to further expand the bank’s digital asset offerings in the near future. The adoption by a regulated Swiss financial institution adds a layer of legitimacy and trust to RLUSD’s positioning in the global market.
> Myles Harrison, Chief Product Officer at AMINA Bank, stated:
“At AMINA, our focus is on offering only the most secure and compliant digital asset products. We are proud to be the first bank to support RLUSD, delivering institutional-grade access to one of the most anticipated stablecoins in the industry.”
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🔹 RLUSD Enters the $250 Billion Stablecoin Arena
Introduced in late 2024, RLUSD enters a highly competitive stablecoin sector, which now exceeds $250 billion in market capitalization. It joins leading USD-backed assets such as USDC and USDT, widely used in trading, decentralized finance (DeFi), and cross-border payment systems.
As of today, RLUSD’s circulating supply stands at approximately $430 million, with Ripple emphasizing its regulatory transparency, compliance, and enterprise-readiness.
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🔹 Ripple Seeks National Bank Charter and Fed Access
Ripple’s ambitions extend well beyond stablecoin issuance. The company has reportedly applied for a national banking charter with the U.S. Office of the Comptroller of the Currency (OCC). If approved, RLUSD would be overseen by both state and federal regulators, enabling it to operate seamlessly across the United States under a unified legal framework.
Additionally, Standard Custody & Trust Company, a Ripple subsidiary, has applied for a master account with the Federal Reserve. This would enable direct access to the Fed’s payment systems, allowing real-time settlements and redemptions for RLUSD outside of standard banking hours.
> Brad Garlinghouse, CEO of Ripple, commented:
“Ripple has always prioritized regulatory compliance. Our application for a national bank charter is the next step in achieving dual oversight at the state and federal levels—setting a new benchmark for trust in the stablecoin market.”
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🔹 Rivalry Intensifies: Circle Applies for U.S. Banking License
Ripple’s move has prompted a swift response from stablecoin competitor Circle, issuer of USDC. On the same day Ripple filed for Fed access, Circle submitted its own application for a national banking license, underscoring the intensifying competition to secure regulatory legitimacy and deepen integration with the U.S. financial system.
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📌 Conclusion: A New Chapter for Stablecoins
AMINA Bank’s integration of RLUSD, along with Ripple’s regulatory expansion strategy, marks a critical turning point in the evolution of the stablecoin market. As traditional financial institutions increasingly embrace regulated digital assets, projects like RLUSD are poised to reshape how stablecoins are issued, held, and utilized globally.
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> ⚠️ Disclaimer: This article is for informational and educational purposes only. It does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks and may result in financial losses. Always consult with a qualified advisor before making investment decisio
