AMINA Becomes the First Bank Globally to Support Ripple USD (RLUSD) as Demand for Stablecoins Surges

ZUG, Switzerland--(BUSINESS WIRE)--Jul 3, 2025--

AMINA Bank AG (“AMINA Bank”), a Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank with global reach, today becomes the first bank globally to directly support Ripple USD (RLUSD), a stablecoin valued one-to-one to the US dollar, offering a blend of stability, efficiency, and regulatory compliance. At launch, custody and trading services will be available to AMINA clients holding RLUSD, establishing a foundation for expanded services in the coming months.

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Myles Harrison, Chief Product Officer of AMINA Bank, said: “At AMINA Bank, we are committed to integrating cutting-edge products so that our clients may best-navigate and adopt digital assets in their day-to-day activities. We are proud to be the first bank to support RLUSD and to provide our clients with access to one of the most anticipated digital assets in the market. Ripple's commitment to transparency and compliance make them ideal collaborators as we continue our mission to expand institutional-grade digital asset services.”

With a market capitalisation exceeding $440 million as of June 2025 , RLUSD is gaining momentum as a compliant and trusted asset for institutions seeking stablecoin exposure. As a FINMA-regulated institution, AMINA will enable its client base of professional investors, institutions, and corporations to access Ripple’s stablecoin ecosystem with the security and governance clients expect from a traditional banking partner.

AMINA Bank’s RLUSD offering comes amid a surge in demand for regulated stablecoins. With the acceleration of institutional adoption and demand for regulated solutions, AMINA has established itself as an essential infrastructure provider at crypto’s critical inflection point. As the first bank globally to offer its clients access to RLUSD, AMINA Bank continues to deliver the latest digital economy trends to its diverse individual, institutional and corporate client base.

Certain products and services may not be available to all clients based on legal and regulatory considerations.

About AMINA — Crypto. Banking. Simplified.

Founded in April 2018 and established in Zug (Switzerland), AMINA Bank AG is a pioneer in the crypto banking industry. In August 2019, AMINA Bank AG received the Swiss Banking and Securities Dealer License from the Swiss Financial Market Supervisory Authority (“ FINMA ”). In February 2022, AMINA Bank AG, Abu Dhabi Global Markets (“ ADGM ” ) Branch received Financial Services Permission from the Financial Services Regulatory Authority (“ FSRA ”) of ADGM to Advise on Investments or Credit, Arrange Deals in Investment, Arrange Credit and Arrange Custody for Professional Clients as defined in the Conduct of Business (“ COBS ”) Rulebook. In November 2023, AMINA (Hong Kong) Limited received its Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses from the Securities and Futures Commission (“ SFC ”).

CVVC Global Report and CB Insights named AMINA as one of the Top 50 Companies within the blockchain ecosystem. In 2023, AMINA won the European WealthBriefing Award in the Digital Assets Solution, Fund Manager category. AMINA was most recently recognised as Institutional Digital Asset Innovation of the Year at the Hedgeweek® Global Digital Assets Awards 2025.

To learn more about AMINA, visit www.aminagroup.com.

About Ripple USD (RLUSD)

Ripple USD (RLUSD) is Ripple’s USD-denominated stablecoin, designed to maintain a constant value of one US dollar. RLUSD is issued natively on the XRP Ledger and Ethereum blockchains, and is fully backed by a segregated reserve of cash and cash equivalents, redeemable 1:1 for US dollars. RLUSD enables real-time, secure, compliant payments and easy fiat to stablecoin on/off ramps for exchanges, fintechs, crypto onramps, and more.

Standard Custody, a wholly owned subsidiary of Ripple Labs and the issuer of RLUSD, is chartered and supervised by NYDFS as a limited purpose trust company — it is required to be backed 100% by highly liquid, short-term, transparent reserves. Standard Custody adheres to high safety and soundness standards, including NYDFS customer protection and reserve requirements, as well as redemptions with strict SLAs.

AMINA and Ripple join forces.

Ukrainian long-range drones hit a warehouse in the Ural Mountains belonging to Russia’s biggest online retailer, more than 2,000 kilometers (1,200 miles) from the two countries’ border, local officials and the company said Friday.

Ukraine has regularly hit targets in the distant Urals this year and has even struck a Russian oil refinery in western Siberia, nearly 2,500 kilometers (1,550 miles) from the border. The attacks are examples of how Kyiv has used drone innovation as a key part of its response to the invasion by its much bigger enemy more than four years ago.

Its successes have drawn international interest and drone cooperation agreements with nine countries, with further deals being negotiated with 15 other countries, according to Kyiv officials.

A Wildberries warehouse in Yekaterinburg, Russia’s fourth-largest city, was set ablaze by the attack, the company said. Most merchandise wasn’t damaged, it said, unlike at some of the more than a dozen other Wildberries depots struck by Ukraine in recent weeks that have burned down. Kyiv is trying to rattle the Russian public and the Kremlin with the attacks.

The regional governor, Denis Pasler, said three drones hit the warehouse’s roof. Artyom Zhoga, the Kremlin’s representative in the region, said that 800 people were evacuated from the warehouse and nobody was hurt.

Ukrainian President Volodymyr Zelenskyy is pushing for his country to keep up the pace of technological development, especially in air defense systems to help stop Russian ballistic missiles that are exploiting Ukraine’s shortage of American-made Patriot interceptor missiles and battering civilian areas.

A joint European anti-ballistic development program is already underway, Zelenskyy said late Thursday, with 10 countries engaged in developing an anti-ballistic shield. Europe is concerned about Moscow’s ambitions on the continent beyond Ukraine.

“Ukraine is capable of producing its (anti-ballistic) missile and launcher, while our partners will provide the necessary components and critical elements — radars, sensors, and everything else required,” Zelenskyy said on social media. “An anti-ballistic program of our own — one that is truly large-scale — will greatly benefit everyone in Europe.”

At the same time, Ukraine is working on manufacturing its own ballistic missiles to use against Russia. “The tests have shown strong potential. We need to turn this into a real weapon,” Zelenskyy said.

Ukrainian front-line defenses in eastern regions, meanwhile, remain under strain as Russia’s bigger army looks for a breakthrough after months of minimal advances that Western analysts and official says have had a high cost for Moscow in troop casualties.

Ukraine has been evacuating children from Kramatorsk, one of the four eastern Donetsk region cities that make up Ukraine’s so-called Fortress Belt. The line of four large and heavily defended cities, about 50 kilometers (30 miles) long, has been key to denying Moscow its goal of seizing Ukraine's industrial heartland.

The head of the Donetsk region’s regional military administration, Vadym Filashkin, said Friday that more than 800 people, including 91 children, were evacuated over the previous 24 hours.

Ukraine has been deploying midrange strike drones to disrupt Russia’s supply lines and slow it advance.

Russia’s air defenses downed 203 Ukrainian drones from late Thursday through early Friday, the Defense Ministry in Moscow said.

Meanwhile, Russia attacked Ukraine with 147 long-range strike drones, according to the country’s air force.

In Ukraine’s northern Sumy region, a Russian drone struck a busy market Friday morning, wounding 10 people, authorities said.

Russia also launched glide bombs and drones of various types at the regional capital, according to the head of regional administration, Oleh Hryhorov.

The attack targeted residential buildings, transport and infrastructure, wounding two people, he said.

Follow the AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine

Firefighters put out a fire after Russian missiles hit a warehouse in Kyiv, Ukraine, Wednesday, Aug. 5, 2026. (AP Photo/Dan Bashakov)