Ripple announced the creation of 16 million RLUSD stablecoins, highlighting the growing institutional interest in cryptocurrencies. AMINA Bank became the first bank to provide access to RLUSD, marking its significance for the financial sector.
Launch of RLUSD
In early July 2025, Ripple minted 16 million RLUSD. This stablecoin is fully backed by US dollar deposits and regulated by New York authorities through Standard Custody. The market anticipates that the launch of RLUSD will boost confidence among institutional players.
Support from AMINA Bank
AMIANA Bank, a Swiss bank licensed by multiple global regulators, has become the first bank to offer access to RLUSD. Myles Harrison, Chief Product Officer at AMINA Bank, noted that RLUSD access is crucial for their clients. This partnership marks a significant step forward in the integration of digital assets into the financial system.
Prospects for the Crypto Market
The support of stablecoins like RLUSD by banks resembles recent integrations of USDC and USDT into traditional finance. This could enhance trust and expand the stablecoin market, enabling deeper integration of regulated digital assets into the mainstream.
The launch of RLUSD and support from AMINA Bank highlight the growing interest in digital assets among institutional clients. Optimistic forecasts regarding stablecoins may lead to innovations in financial technology and strategies adapting to global regulatory standards.
