Breaking News: AMINA Bank Goes All-In on Ripple's RLUSD!

Swiss Bank Shakes Up the Crypto World with RLUSD Support

Hang on to your hats, crypto fans! Swiss-regulated AMINA Bank just pulled a game-changer by becoming the first global bank to dive into Ripple's RLUSD. That's right, they're ready to let their clients stash and trade this USD-pegged Ripple stablecoin like it's nobody's business.

Get this: starting July 3, AMINA Bank's clients in regions where RLUSD's the talk of the town can hold and trade this bad boy directly through the bank. The news broke in a press release that's got everyone buzzing!

And guess what? Right after the news hit, Ripple USD's market cap got a sweet little boost, jumping over 3% in the last 24 hours. Plus, the trading volume for this stablecoin went through the roof following the announcement. Talk about making waves!

On July 3, the daily trading volume for Ripple USD skyrocketed by a whopping 28.2% compared to the day before, hitting a high of $45.6 million in just 24 hours. The market's definitely feeling the heat!

But wait, there's more! Ripple's own token, XRP, also caught the wave, climbing 3.86% in the last day to hit $2.27. Its market cap's up 3.87% to a cool $134.3 billion. It's like a party and everyone's invited!

AMINA Bank's RLUSD service kicks off for the big players first—institutional clients, corporations, and professional investors. But don't worry, they've got plans to roll it out to even more folks in the coming months. The future's looking bright!

Myles Harrison, AMINA Bank's Chief Product Officer, couldn't contain his excitement. He said this is the first time a global bank's letting clients hold and trade Ripple USD right through their bank accounts. Game. Changer.

Harrison's all about it, saying, "Ripple's commitment to transparency and compliance make them the perfect partners as we keep pushing to expand our digital asset services for the big leagues."

This move just cements AMINA Bank's rep as a crypto-friendly powerhouse, especially after they've been on a roll supporting digital asset adoption.

Remember earlier this year when AMINA Bank cut custody fees for USD Coin (USDC) Stablecoin Rewards Account clients? They were on a mission to pull in more stablecoin users, and it worked! They're not stopping there either—they've got plans to support EURC soon after. The crypto revolution's in full swing, and AMINA Bank's leading the charge!