Stablecoin News – On July 3, 2025, Switzerland’s AMINA Bank announced it would offer custody and trading services for Ripple’s RLUSD stablecoin, becoming the first regulated bank to support this U.S. dollar-pegged asset. As reported by 99Bitcoins, AMINA’s move, backed by Switzerland’s FINMA, marks a milestone for RLUSD’s institutional adoption. RLUSD, launched on Ethereum and XRP Ledger, saw its supply grow by 47% in June, reaching a market cap of over $469 million and a 24-hour trading volume of $60 million, per U.Today.
AMINA’s support enhances RLUSD’s credibility, particularly as Ripple applies for a U.S. national bank license to operate under federal oversight. Myles Harrison, AMINA’s Chief Product Officer, emphasized RLUSD’s potential to bridge blockchain interoperability and traditional finance, with plans for lending and payment products tailored for B2B clients. RLUSD’s integration with Hidden Road for cross-margin trading further positions it as a versatile institutional-grade stablecoin, as noted by Ripple CEO Brad Garlinghouse in a Singapore press conference.
Despite RLUSD’s rapid growth, it trails USDT ($156 billion) and USDC ($61.75 billion) in market cap. Regulatory clarity from the U.S. GENIUS Act has fueled RLUSD’s adoption, but competition remains fierce. RLUSD’s fourfold supply increased since January, signaling strong momentum. However, concerns about scalability and regulatory risks persist, as RLUSD’s smaller market share limits its liquidity compared to established players. AMINA’s pioneering move could inspire other banks, but RLUSD’s success will depend on broader institutional uptake and sustained compliance.
