Ripple's RLUSD Stablecoin Surges 20% as Swiss Bank AMINA Integrates Token

Ripple's dollar-pegged stablecoin, RLUSD, saw a 20% surge in trading volume to $60 million after Swiss bank AMINA integrated RLUSD, offering custody and trading services to institutional clients. The news boosted RLUSD's market cap to over $469 million. Ripple is also seeking a national banking charter in the US, which could allow it to operate across the country and hold reserves for RLUSD under federal supervision. The integration and potential banking license put Ripple in direct competition with Circle and Fidelity.