Swiss AMINA Crypto Bank supports Ripple stablecoin RLUSD trading, providing custody and trading services

ChainCatcher news, according to CoinDesk, Swiss crypto-friendly financial bank AMINA Bank has announced support for Ripple's newly launched USD stablecoin RLUSD, becoming the first global bank to offer custody and trading services for this currency.

It is reported that the service will initially be available to institutional clients and professional investors, with plans for further expansion in the coming months. RLUSD is backed by U.S. Treasury securities and regulated by the New York Department of Financial Services, with a current issuance of $430 million. AMINA Bank stated that its goal is to connect traditional banking with crypto financial infrastructure, and it has established regulated business hubs in Switzerland, Hong Kong, and Abu Dhabi.