{"id":35155,"date":"2025-07-04T06:01:41","date_gmt":"2025-07-04T06:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35155"},"modified":"2025-07-04T06:01:41","modified_gmt":"2025-07-04T06:01:41","slug":"ripple-usd-gets-support-from-first-global-bank","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35155","title":{"rendered":"Ripple USD Gets Support From First Global Bank"},"content":{"rendered":"
\n

Zug-based AMINA Bank, the Swiss crypto-focused lender regulated by FINMA, said on 3 July that it has begun offering custody and over-the-counter trading for Ripple USD (RLUSD), becoming what it calls<\/a> \u201cthe first bank globally\u201d to support the dollar-pegged stablecoin and giving the six-month-old token its first foothold inside the traditional banking system.<\/p>\n

AMINA Bank Backs Ripple\u2019s RLUSD<\/h2>\n

RLUSD is issued by Standard Custody, a New York-chartered limited-purpose trust company wholly owned by Ripple Labs, and is fully backed \u201cby cash and cash equivalents\u201d held under NYDFS supervision; the token lives natively on both the XRP Ledger and Ethereum, allowing settlement across public and permissioned rails.<\/p>\n

Since its mid-December 2024 debut RLUSD\u2019s market capitalization has climbed above $440 million, while the wider stablecoin sector has swollen to roughly $263 billion\u2014both record highs that underscore accelerating institutional demand for regulated digital cash.<\/p>\n

\u201cAMINA will enable its client base of professional investors, institutions and corporations to access Ripple\u2019s stablecoin ecosystem with the security and governance clients expect from a traditional banking partner,\u201d chief product officer Myles Harrison said, praising Ripple\u2019s \u201ccommitment to transparency and compliance.\u201d<\/p>\n

The partnership deepens ties forged when the bank\u2014licensed in Switzerland since 2019 and now also regulated in Abu Dhabi and Hong Kong\u2014pivoted to act as a multi-jurisdictional bridge between conventional finance and on-chain liquidity.<\/p>\n

For Ripple, AMINA\u2019s endorsement follows April\u2019s integration<\/a> of RLUSD into Ripple Payments, the company\u2019s cross-border treasury platform already live in more than 70 payout corridors, where early adopters such as BKK Forex and iSend are settling flows with the token.<\/p>\n

The announcement lands as the European Union\u2019s MiCA regime<\/a>, whose transaction-volume caps for non-e-money stablecoins took effect on 30 June 2024, forces issuers to demonstrate reserve integrity and governance discipline to maintain access to the bloc.<\/p>\n

Separately, Ripple confirmed<\/a> on 2 July that it has applied for a national bank charter with the US Office of the Comptroller of the Currency and\u2014through its Standard Custody & Trust subsidiary\u2014for a Federal Reserve master account, a step chief executive Brad Garlinghouse said would provide \u201cboth state (via NYDFS) and federal oversight, a new (and unique) benchmark for trust in the stablecoin market\u201d while letting the firm hold RLUSD reserves \u201cdirectly with the Fed\u201d to \u201cfuture-proof trust\u201d in the token.<\/p>\n

At press time, XRP traded at $2.286.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Zug-based AMINA Bank, the Swiss crypto-focused lender regulated by FINMA, said on 3 July that it has begun offering custody and over-the-counter trading for Ripple USD (RLUSD), becoming what it calls \u201cthe first bank globally\u201d to support the dollar-pegged stablecoin and giving the six-month-old token its first foothold inside the traditional banking system. AMINA Bank […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35155","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35155"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35155\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}