Main Points:
- AMINA Bank becomes the first globally licensed bank to support RLUSD, offering custody and trading services for institutional and corporate clients.
- RLUSD is a U.S. dollar–pegged stablecoin backed 1:1 by U.S. Treasuries and cash reserves under NYDFS oversight.
- Ripple recently minted an additional 16 million RLUSD, boosting its circulating supply to approximately $430 million.
- The stablecoin’s market cap surpassed $440 million as of June 2025, reflecting surging institutional interest.
- Strategic partnerships with OpenPayd enable direct minting, burning, and seamless cross-border payments with virtual IBANs.
- Ripple has applied for a U.S. national bank charter and a Federal Reserve master account to further enhance regulatory trust.
- The evolving regulatory landscape (NYDFS, DfSA, MiCA) and expanding institutional infrastructure are propelling stablecoin adoption.
- RLUSD’s integration with both the XRP Ledger and Ethereum-compatible networks underpins real-time, low-cost settlement.
- Future plans include expanding digital asset services, increasing RLUSD issuance, and deepening enterprise use cases in payments, treasury, and DeFi.
AMINA Bank’s Pioneering Move
AMINA Bank AG, a FINMA-regulated crypto bank based in Zug, Switzerland, has become the first globally licensed bank to directly support Ripple USD (RLUSD), providing both custody and trading services to institutional and professional investors. This milestone establishes a compliant European anchor for RLUSD, blending traditional banking security with blockchain innovation.
RLUSD: A Regulatory-Compliant Stablecoin
Launched by Ripple and issued by its subsidiary Standard Custody under NYDFS oversight, RLUSD is pegged one-to-one with the U.S. dollar and fully collateralized by U.S. Treasuries and cash reserves. Monthly attestation reports and stringent regulatory controls ensure transparency and enterprise-grade compliance, making RLUSD an attractive instrument for corporate treasuries and financial institutions.
Market Dynamics and Recent Issuance
In response to growing demand, Ripple issued an additional 16 million RLUSD tokens on July 3, 2025, boosting the circulating supply to roughly $430 million (¥62.1 billion) . The stablecoin’s market capitalization exceeded $440 million by June 2025, marking a 47 % increase in circulation over that month alone.
Here’s a snapshot of RLUSD’s supply growth: <!– Chart generated above –>
As the chart shows, RLUSD supply has expanded steadily since its late-2024 launch, reflecting robust institutional uptake.
Strategic Partnerships and Ecosystem Integration
Beyond its banking partnership, Ripple has teamed up with OpenPayd—a London-based banking-as-a-service provider—to enable direct minting, burning, and real-time settlement in euros and sterling via virtual IBANs. This integration simplifies cross-border payroll, treasury, and marketplace operations by merging on-chain settlement with traditional rails (SEPA, Faster Payments).
Moreover, Ripple’s RLUSD operates seamlessly on both the XRP Ledger and Ethereum-compatible networks, facilitating low-cost, instant settlements and tokenization workflows that cater to DeFi applications and institutional payment corridors.
Implications for Institutional Investors
Institutional clients are increasingly prioritizing regulatory clarity and operational efficiency. With RLUSD now accessible through a FINMA-regulated bank and under NYDFS and Dubai Financial Services Authority oversight, professional investors gain a trusted liquidity instrument that aligns with compliance frameworks like MiCA in Europe.
The partnership with OpenPayd further enhances enterprises’ ability to manage dollar liquidity at scale, reducing reliance on correspondent banking and accelerating settlement times. As a result, corporates, neobanks, and cross-border payment providers can streamline treasury workflows and minimize FX and counterparty risks.
The Evolving Stablecoin Landscape
The stablecoin market has matured significantly, shifting from unregulated tokens to fully compliant digital dollars. USDC and USDT together dominate over $250 billion in circulation, but regulatory scrutiny has intensified after high-profile events involving North Korean sanction evasion and issuer insolvencies. In this context, RLUSD’s rigorous oversight, attestations, and bank partnerships position it as a reliable alternative for enterprise use cases.
Ripple’s recent application for a national bank charter with the OCC and a Federal Reserve master account underscores its commitment to setting new trust benchmarks in the stablecoin sector. Should these approvals be granted, RLUSD would operate under dual federal and state supervision, offering unmatched credibility.
Future Outlook and Expansion Plans
AMINA Bank plans to build on its RLUSD support by broadening its digital asset service suite over the coming months, potentially including lending, staking, and tokenized deposit offerings. Ripple, for its part, aims to scale RLUSD issuance in tandem with institutional demand, leveraging its global partner network to facilitate new corridor expansions and on-ramp solutions.
As regulatory frameworks like MiCA come into force later this year, banks and fintechs will require stablecoin integrations that prioritize compliance. RLUSD’s infrastructure, backed by bank-grade custody and integrated with legacy rails, sets a precedent for the next wave of digital asset adoption in traditional finance.
Conclusion
AMINA Bank’s adoption of RLUSD marks a pivotal moment in the convergence of banking and blockchain. By bridging regulated stablecoins with institutional banking services, this partnership responds to the market’s demand for secure, transparent, and efficient digital dollar instruments. With evolving regulatory support, strategic partnerships like OpenPayd, and expanding issuance, RLUSD is poised to become a cornerstone of enterprise payment solutions and a catalyst for broader stablecoin integration into the global financial ecosystem.
