🔹 AMINA Bank has made history by becoming the first internationally operating bank to officially offer trading and custody services for Ripple’s RLUSD, a stablecoin pegged to the U.S. dollar.

🔹 The Swiss-based institution aims to bridge traditional finance and digital assets under clear regulatory oversight across multiple jurisdictions.

🔹 Ripple is also seeking a national banking license and direct access to the Federal Reserve, positioning itself against stablecoin rivals like Circle's USDC.

AMINA Becomes the First Bank to Support RLUSD

Swiss financial institution AMINA Bank has officially announced the addition of Ripple’s RLUSD stablecoin to its digital asset services. RLUSD is backed by U.S. Treasury securities and regulated by the New York Department of Financial Services (NYDFS).

From day one, AMINA clients have access to custody and trading functions, with the bank preparing to expand its digital asset services in the coming months. The move boosts RLUSD’s credibility through the involvement of a regulated bank headquartered in Switzerland.

RLUSD Enters a $250 Billion Stablecoin Market

Launched in late 2024, RLUSD enters a competitive $250 billion stablecoin market dominated by USD-pegged digital assets used in trading, DeFi, and cross-border payments.

The current circulating supply of RLUSD is about $430 million, and Ripple says the stablecoin is fully transparent, enterprise-ready, and operates under robust regulatory compliance.

Myles Harrison, Chief Product Officer at AMINA, emphasized the importance of partnering with projects committed to regulatory standards:

“Our goal at AMINA is to offer only the most trusted digital asset products. We are proud to be the first bank to support RLUSD and to give our clients access to one of the most anticipated digital assets in the market.”

Ripple Applies for U.S. Bank Charter and Fed Access

Ripple is also expanding its presence in the U.S. financial sector. The company has reportedly applied for a national banking charter with the Office of the Comptroller of the Currency (OCC). If granted, RLUSD would fall under federal oversight and be allowed to operate across the United States with a unified regulatory framework.

At the same time, Ripple’s subsidiary Standard Custody & Trust Company applied for a master account with the Federal Reserve, enabling it to hold reserves for RLUSD directly and process redemptions outside regular banking hours.

Ripple CEO Brad Garlinghouse commented:

“With our long-standing commitment to compliance, Ripple is seeking a national bank charter from the OCC. If approved, we’ll be under both state (NYDFS) and federal oversight—a new (and unique!) benchmark of trust for the stablecoin market.”

Circle Joins the Race

On the same day Ripple applied for Fed access, rival Circle, issuer of USDC, announced its own application for a national banking license with the OCC. This underscores the rising competition among stablecoins vying for mainstream financial integration and regulatory legitimacy.



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