Swiss Bank AMINA Introduces Custody, Trading With Ripple’s RLUSD Stablecoin

CN
coindesk
Follow
11 hours ago


Swiss crypto-focused bank AMINA Bank started offering clients services with Ripple USD (RLUSD), Ripple's recently launched stablecoin pegged to the U.S. dollar on Thursday.

The firm has claimed the bragging rights of becoming the first globally operating bank to support RLUSD, according to a press release shared with CoinDesk.

The bank said it would initially provide custody and trading for RLUSD, targeting institutional clients and professional investors seeking compliant stablecoins. The bank plans to expand services with the token in the coming months.

The move comes as stablecoins are increasingly becoming part of financial systems and payments, with jurisdictions putting rules in place to regulate the asset class.

Stablecoins are a $250 billion asset class and a rapidly growing group of cryptocurrencies, with their prices pegged to predominantly fiat currencies like the U.S. dollar. Ripple's RLUSD, backed by U.S. Treasuries and regulated by the New York Department of Financial Services, has a $430 million supply.

AMINA said it aims to bridge traditional banking and crypto infrastructure, giving its client base access to emerging financial instruments with regulatory guardrails. Based in Zug and licensed by Switzerland’s FINMA, the bank also operates regulated hubs in Hong Kong and Abu Dhabi.

Read more: Ripple Applies for Federal Bank Trust Charter, XRP Jumps 3%


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Bybit: $50注册体验金,$30,000储值体验金
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink