In Switzerland, on June 2025, AMINA Bank AG became the first bank globally to support Ripple USD (RLUSD), a stablecoin pegged 1:1 to the US dollar. This integration provides AMINA clients with custody and trading services for RLUSD. The move signifies a major step in the bank's digital asset offerings.
Myles Harrison, Chief Product Officer of AMINA Bank, highlighted the bank's commitment to integrating cutting-edge products. He emphasized the importance of helping clients navigate and adopt digital assets. RLUSD has a market capitalization exceeding $440 million as of June 2025.
AMINA Bank's support for RLUSD aligns with the growing demand for regulated stablecoins. This demand is driven by increased institutional adoption and the need for compliant solutions. AMINA Bank was founded in April 2018 and received its Swiss Banking and Securities Dealer License from FINMA in August 2019.