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Home»Business»AMINA Bank Becomes First to Back Ripple Stablecoin
Business

AMINA Bank Becomes First to Back Ripple Stablecoin

Sam AllcockBy Sam AllcockJuly 3, 2025No Comments3 Mins Read
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Swiss-based AMINA Bank AG has become the first bank in the world to directly support Ripple’s USD stablecoin (RLUSD), marking a significant development in the intersection of traditional banking and digital assets.

The announcement positions AMINA Bank—regulated by Switzerland’s FINMA—at the forefront of stablecoin adoption within the regulated financial sector. Effective immediately, clients of AMINA Bank will have access to custody and trading services for RLUSD, offering exposure to a stable, US dollar-pegged digital asset backed by Ripple, one of the best-known players in blockchain technology.

“With RLUSD gaining momentum in the market, we are proud to be the first bank globally to support this asset,” said Myles Harrison, Chief Product Officer of AMINA Bank. “Ripple’s transparency and commitment to compliance align with our mission to offer cutting-edge, secure digital asset services to our clients.”

The RLUSD stablecoin is pegged 1:1 with the US dollar and had surpassed $440 million in market capitalisation as of June 2025, signalling growing institutional interest in regulated digital currencies. The move comes amid heightened demand for compliant stablecoins—digital assets designed to minimise volatility while offering the benefits of blockchain-based transfers.

AMINA Bank’s integration of RLUSD will enable professional investors, institutions, and corporations to access Ripple’s ecosystem with the security, transparency, and governance standards expected from a regulated bank.

While stablecoins have traditionally been viewed with caution by financial institutions, the rise of regulatory frameworks in Switzerland, the EU, and beyond has paved the way for banks like AMINA to offer such services without compromising legal compliance or risk controls.

“AMINA is responding to a clear trend,” said a market analyst. “As institutional demand for regulated digital assets grows, banks that offer secure, compliant access will be in high demand. This move places AMINA ahead of the curve.”

The bank says its RLUSD offering is just the beginning, with plans to expand services tied to Ripple’s stablecoin in the coming months, including broader integrations, asset management options, and potential payment rail innovations.

AMINA has rapidly established itself as a trusted player in the digital asset infrastructure space, serving a global client base across the individual, institutional, and corporate segments. It is also among a small number of banks worldwide that are fully regulated and approved to operate as a crypto-native bank while offering traditional banking services.

However, AMINA notes that certain RLUSD-related services may be restricted in some jurisdictions, depending on legal and regulatory considerations.

As stablecoins continue to gain traction, AMINA Bank’s move could prompt more traditional financial institutions to embrace compliant digital assets, bridging the gap between conventional finance and blockchain-based innovation.

For more information, visit www.aminabank.com.

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Sam Allcock
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Sam Allcock is a seasoned media professional and content strategist with a passion for storytelling across digital platforms. As a contributor to Abu Dhabi Week, Sam brings a sharp editorial eye and a deep appreciation for the culture, innovation, and lifestyle that define the UAE capital. With over a decade of experience in journalism and public relations, he covers everything from local events and business trends to travel, dining, and community highlights. When he's not writing, Sam is exploring the hidden gems of Abu Dhabi, always on the lookout for the next story worth sharing.

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