Swiss-regulated AMINA Bank announced on July 3, 2025, that it has become the first global bank to offer custody and trading services for Ripple USD (RLUSD), the USD-pegged stablecoin issued by Ripple. Starting immediately, institutional clients, corporations, and professional investors in approved regions can hold and trade RLUSD directly through the bank.
The announcement triggered immediate market reactions: RLUSD's market capitalization rose over 3% within 24 hours, while its daily trading volume surged 28.2% to $45.6 million. Ripple's native token XRP also benefited significantly, climbing 3.86% to $2.27 and boosting its market cap to $134.3 billion.
AMINA Bank Chief Product Officer Myles Harrison emphasized Ripple's "commitment to transparency and compliance" as key to the partnership. The bank plans service expansions in coming months, reinforcing its crypto-friendly stance after previously waiving custody fees for USDC and planning EURC support.
RLUSD, backed by U.S. Treasuries and regulated by New York DFS, currently has a $430 million supply. The move occurs amid growing institutional adoption of stablecoins, a $250 billion asset class increasingly integrated into global finance.