Swiss AMINA Bank Adds Ripple's RLUSD Stablecoin, Claims First Banking Support

Zug-based cryptocurrency bank AMINA has announced the integration of Ripple's RLUSD stablecoin, marking the first banking institution globally to directly support the digital asset. Initially offering custody and trading services, the Swiss-regulated bank plans to expand its RLUSD offerings in coming months.

"We're proud to pioneer RLUSD banking support and provide clients access to this highly anticipated digital asset," stated Myles Harrison, AMINA's Chief Product Officer. The FINMA-licensed institution recently reported 69% revenue growth, solidifying its status as Switzerland's fastest-growing crypto bank. Its assets under management surged 136% to $4.2 billion amid strong institutional demand. AMINA also holds regulatory approvals from Abu Dhabi's FSRA and Hong Kong's SFC.

RLUSD, launched by Ripple in December 2024, maintains a 1:1 peg through USD deposits, government bonds, and cash equivalents. The stablecoin has processed $10 billion in volume since debut and shows fourfold supply growth on Ethereum in 2025. With a $469.29 million market cap, RLUSD currently ranks as the 164th largest cryptocurrency.

In related developments, Ripple has applied for a U.S. national bank charter and Federal Reserve Master Account. Securing these approvals would enable direct Fed custody of RLUSD reserves, potentially enhancing institutional confidence. "This represents a new benchmark for stablecoin market trust," CEO Brad Garlinghouse noted in social media comments.