Stablecoin RLUSD, backed by Ripple, marks its debut as the initial bank-supportively issued digital coin, proactively beginning operations via AMINA platform.
In a significant move for the digital finance sector, AMINA Bank, a Swiss-based financial institution regulated by the Financial Market Supervisory Authority (FINMA), has announced a partnership with Ripple to launch custody and trading services for the US dollar-backed stablecoin, Ripple's USD- pegged digital asset, RLUSD. This partnership marks a milestone in the integration of stablecoins into the institutional landscape, offering a compliant European framework for institutional clients.
The partnership between AMINA Bank and Ripple signifies a significant step towards integrating RLUSD into the world of institutional finance. As the first globally licensed bank to support RLUSD, AMINA Bank offers institutional clients a trusted liquidity instrument backed by US dollars and short-term Treasuries. This move deepens the integration of Ripple’s digital infrastructure with institutional finance, providing a strong regulatory base for RLUSD in Europe.
Ripple's commitment to transparency and compliance was a key factor in AMINA's decision to support RLUSD. The partnership aligns with Ripple's efforts to bridge the gap between digital assets and institutional finance, addressing the growing demand for regulated stablecoins that offer both compliance and utility.
With RLUSD gaining traction as a trusted asset for institutions, AMINA's support positions it as a frontrunner in providing institutional-grade services in the evolving crypto landscape. This could inspire other financial institutions to explore similar integrations, driving broader adoption of stablecoins like RLUSD.
RLUSD is designed to operate across Ripple’s XRP Ledger and Ethereum-compatible networks, enhancing its utility for low-cost, real-time settlements for payments and tokenized assets. This expands the use cases for XRP within Ripple’s institutional strategy.
The launch of RLUSD services by AMINA Bank coincides with policymakers around the world completing their frameworks for stablecoin regulation. RLUSD is pegged at 1:1 to the U.S. dollar and is redeemable under tight service level agreements (SLAs). The model of bank-issued or bank-backed stablecoins has been backed by European authorities, including Switzerland's financial markets regulator FINMA and the European Central Bank (ECB), as a more secure alternative to unregulated stablecoins.
AMINA Bank's focus is to deliver institutional-grade solutions in the digital asset space. Services offered by AMINA Bank in collaboration with Ripple include tokenized fund settlements, digital corporate treasury management, cross-border trade finance using stablecoin rails, and instant fiat-crypto conversion services for institutional clients.
The collaboration between AMINA Bank and Ripple could position AMINA as a gateway for stablecoin use cases in capital markets, payments, and tokenized finance. 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.
As of June 2025, RLUSD's market value has exceeded 440 million US dollars. AMINA executives have stated that expansion plans include integrated RLUSD-based lending, staking, and payment products tailored for B2B clients in regulated jurisdictions. Ripple's RLUSD is one of the first major stablecoins to preemptively comply with the expected standard for stablecoin regulation, giving it a first-mover advantage among U.S.-focused financial entities.
The U.S. is on the verge of enacting the GENIUS Act, which requires 1:1 reserve holdings and redemption rights, and imposes transparency requirements, on USD-pegged stablecoins. RLUSD is 100% asset-backed with its reserves in dollars. The partnership between AMINA Bank and Ripple could catalyse the adoption of stablecoins by traditional financial institutions, bridging the gap between digital assets and institutional finance.
- AMINA Bank's partnership with Ripple marks a significant step in integrating Ripple's USD-pegged digital asset, RLUSD, into institutional finance.
- As a trusted liquidity instrument backed by US dollars and short-term Treasuries, RLUSD offers institutional clients a compliant European framework for trading.
- The model of bank-issued or bank-backed stablecoins, like RLUSD, has been backed by European authorities as a more secure alternative to unregulated stablecoins.
- AMINA Bank's services, including tokenized fund settlements and cross-border trade finance using stablecoin rails, are designed to expand the use cases for XRP within Ripple’s institutional strategy.
- RLUSD is designed to operate across Ripple’s XRP Ledger and Ethereum-compatible networks, offering low-cost, real-time settlements for payments and tokenized assets.
- RLUSD's market value has exceeded 440 million US dollars, and AMINA Bank's expansion plans include integrated RLUSD-based lending, staking, and payment products tailored for B2B clients in regulated jurisdictions.
