Ripple Partner Amina Bank Deepens Circle Alliance Ties to Advance Regulated Stablecoins

CN
3 days ago

Swiss-based Amina Bank disclosed on social media platform X on Aug. 29 that it had expanded its partnership with Circle through the Circle Alliance Program, underscoring its role in the stablecoin market. The Swiss Financial Market Supervisory Authority (FINMA)-regulated bank highlighted the scale of its activity, stating: “Over the years, Amina has transacted billions in USDC and EURC through our FINMA-regulated banking system.” The bank added:

Today, we’re delighted to deepen our long-standing partnership with Circle through their Alliance Program and take another step to ensure our clients get the most out of their stablecoins.

Amina emphasized its intent to strengthen client confidence in stablecoin transactions, noting: “As Circle continues to lead the way in stablecoin utility, Amina enables individuals and institutions to transact with confidence across a global infrastructure. We’re proud to stand alongside Circle in this journey.”

Circle, which drew attention to Amina’s membership in the Alliance Program on Aug. 28, reinforced this positioning, writing: “Circle Alliance Program member Amina Bank is helping bridge traditional and digital finance with crypto banking. By supporting access to USDC and EURC, AMINA helps individuals and institutions to transact with confidence across a global infrastructure.”

The mutual statements from both firms illustrate a shared vision of embedding stablecoins within a regulated, institution-ready framework. Amina has aimed to differentiate itself through Swiss oversight and a commitment to segregated custody, offering users a level of security that contrasts with higher-risk or opaque custodial models in the digital asset industry.

Alongside the Circle partnership, Amina introduced a stablecoin rewards program designed to complement its custody services. Clients maintaining a balance of at least 10,000 USDC or 10,000 EURC can access quarterly interest payments, distributed in the fiat currency backing the respective stablecoin. The minimum non-compounding rate is set at 0.2% annually, though U.S. persons and residents of the European Economic Area are excluded from eligibility. In addition, the bank has broadened its digital asset reach by partnering with Ripple to become the first global bank to launch custody and trading for Ripple USD (RLUSD), further underscoring its strategy of offering institutional-grade access to regulated stablecoins.

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