🚀 AMINA Bank Shakes Up Crypto: Ripple USD (RLUSD) Custody & Trading Now Live!

AMINA Bank just dropped a seismic shift for XRP holders—Ripple USD (RLUSD) custody and trading are officially live. Traders, meet your new liquidity weapon.

Why it matters: Institutional-grade crypto services just got a major upgrade. No more juggling fragmented platforms—AMINA’s move consolidates RLUSD access under one roof. Finally, a bank that gets crypto (or at least pretends to).

Behind the scenes: Ripple’s stablecoin play isn’t just about hedging volatility—it’s a direct challenge to Tether’s dominance. Watch the stablecoin wars heat up.

The cynical take: Another ‘innovation’ from traditional finance scrambling to stay relevant. At least this one doesn’t involve a 2008-style meltdown… yet.

Swiss Bank AMINA First to Support Ripple USD (RLUSD)

Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank AMINA to offer RLUSD custody and trading, according to an official announcement on July 3.

The bank claimed it has become the first bank globally to directly support Ripple USD (RLUSD). Initially, custody and trading services will be available to AMINA clients holding RLUSD. The crypto bank aimed to expand services in the coming months.

“We are proud to be the first bank to support RLUSD and to provide our clients with access to one of the most anticipated digital assets in the market,” said Myles Harrison, chief product officer of AMINA Bank. He added, “At AMINA Bank, we are committed to integrating cutting-edge products so that our clients may best-navigate and adopt digital assets in their day-to-day activities.”

It added that Ripple’s commitment to transparency and compliance makes it an ideal partner as institutions continue to expand institutional-grade digital asset services. RLUSD is an enterprise-ready stablecoin with a market cap of more than $440 million.

RLUSD is now available at AMINA Bank 🚀

In collaboration with @Ripple, AMINA enables a regulated, secure, and seamless way to custody and trade RLUSD – ideal for both institutions and individuals who demand clarity, compliance, and control.

🔹 Your digital dollars are… pic.twitter.com/nuPNLV5I06

AMINA will enable its clients, including professional investors, institutions, and corporations, to access Ripple’s stablecoin ecosystem. Clients can access and manage RLUSD directly through AMINA account — on mobile or desktop — with security and speed built in.

On Wednesday, Ripple CEO Brad Garlinghouse revealed that the company has applied for a national bank license with the banking regulator OCC. Earlier, its subsidiary Standard Custody applied for the Federal Reserve’s master account

Also, Ripple partnered with OpenPayd to enable payment solutions for enterprise clients. The partnership will also enable OpenPayd to provide direct minting and burning of Ripple USD (RLUSD) stablecoin.

XRP Price Jumps Amid the News

XRP price extended its uptrend further as traders reacted positively to the news. The price is currently trading at $2.28, up 4% in the last 24 hours. The 24-hour low and high were $2.17 and $2.28, respectively.

Moreover, the upside momentum was supported by an over 38% increase in trading volume in the past 24 hours.

Coinglass data indicates buying activity by derivatives traders in the last few hours. The total XRP futures open interest jumped more than 8% to $4.63 billion as the xrp price eyes the $3 level.