Swiss Bank Offers Ripple’s RLUSD Custody and Trading

AMINA, a Swiss bank, has become the world’s first globally operating bank to offer Ripple’s RLUSD. It began hosting trading and custody services immediately upon the announcement.

Ripple is integrating RLUSD with TradFi across the board, applying for its own bank license earlier this week. If it receives such a license, it would gain new stablecoin opportunities, but XRP might not directly benefit.

Ripple, one of the biggest altcoin issuers, has been making some important moves with its RLUSD stablecoin lately.

Last month, the asset became the industry’s fastest-growing stablecoin, thanks to regulatory breakthroughs and business deals. This AMINA Bank partnership will boost RLUSD even further, bringing Ripple’s stablecoin to traditional banks:

RLUSD is now available at AMINA Bank