AMINA Bank First to Offer Trading for Ripple’s RLUSD Stablecoin

AMINA Bank has made history by becoming the first regulated bank globally to offer trading and custody services for Ripple’s RLUSD, a USD-backed stablecoin. This development marks a significant milestone in the institutional adoption of stablecoins, positioning AMINA at the forefront of crypto-banking infrastructure. The move comes as institutions increasingly seek secure and compliant onramps into the crypto space, highlighting a growing shift toward bank-grade infrastructure for blockchain finance.

RLUSD, issued by Ripple Labs’s Standard Custody, a New York-chartered trust company, is designed to meet rigorous reserve and redemption requirements in the U.S. It is 100% asset-backed with its reserves in dollars, pegged at 1:1 to the U.S. dollar, and redeemable under tight service level agreements. This compliance and transparency make RLUSD an attractive option for institutional clients. Myles Harrison, Chief Product Officer at AMINA, emphasized the bank's commitment to delivering institutional-grade solutions in the digital asset space, stating that supporting RLUSD enables clients to access one of the most compliant and transparent stablecoins available today.

RLUSD’s market value has exceeded 440 million US dollars, and it has been rapidly extended to exchanges and payment platforms on the chain and on-chain finance applications. This stablecoin represents a bridge between blockchain interoperability and completely auditable reserves, appealing to institutional investors, fintechs, and platforms concerned about compliance with less transparent alternatives. The launch of RLUSD by AMINA coincides with global policymakers completing their frameworks for stablecoin regulation, including the U.S. GENIUS Act, which requires 1:1 reserve holdings and redemption rights, and imposes transparency requirements on USD-pegged stablecoins. Ripple’s RLUSD is one of the first major stablecoins to preemptively comply with this expected standard, giving it a first-mover advantage among U.S.-focused financial entities.

The model of bank-issued or bank-backed stablecoins has also been backed by European authorities, including Switzerland’s financial markets regulator FINMA and the European Central Bank, as a more secure alternative to unregulated stablecoins. AMINA’s FINMA license ensures its RLUSD services are compliant with full AML/CFT, custody segregation, and risk disclosure from the region’s principal regulator, acting as a regulatory reference for other similarly crypto-friendly banks. The collaboration between Ripple and AMINA could further enhance AMINA’s position as a gateway for stablecoin use cases in capital markets, payments, and tokenized finance. This includes services such as tokenized fund settlements, digital corporate treasury management, cross-border trade finance using stablecoin rails, and instant fiat–crypto conversion services for institutional clients. Expansion plans include integrated RLUSD-based lending, staking, and payment products tailored for B2B clients in regulated jurisdictions.