Close Menu
CatchTheBullCatchTheBull
  • Home
  • Crypto News
  • Bitcoin
  • Altcoin
  • Blockchain
  • Airdrops News
  • NFT News
What's Hot

Plasma stablecoin layer 1 raises $373M in 10-day token sale

July 29, 2025

Solana (SOL) Pulls Back to $183 Despite Bullish ETF Launch and $200 Breakout

July 29, 2025

Could the XRP Lawsuit End Before August 15?

July 29, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
CatchTheBullCatchTheBull
  • Home
  • Crypto News
  • Bitcoin
  • Altcoin
  • Blockchain
  • Airdrops News
  • NFT News
CatchTheBullCatchTheBull
Bitcoin

Ripple USD Gets Support From First Global Bank

By WebDeskJuly 4, 20253 Mins Read
Ripple USD Gets Support From First Global Bank
Share
Facebook Twitter LinkedIn Pinterest Email

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Zug-based AMINA Bank, the Swiss crypto-focused lender regulated by FINMA, said on 3 July that it has begun offering custody and over-the-counter trading for Ripple USD (RLUSD), becoming what it calls “the first bank globally” to support the dollar-pegged stablecoin and giving the six-month-old token its first foothold inside the traditional banking system.

AMINA Bank Backs Ripple’s RLUSD

RLUSD is issued by Standard Custody, a New York-chartered limited-purpose trust company wholly owned by Ripple Labs, and is fully backed “by cash and cash equivalents” held under NYDFS supervision; the token lives natively on both the XRP Ledger and Ethereum, allowing settlement across public and permissioned rails.

Since its mid-December 2024 debut RLUSD’s market capitalization has climbed above $440 million, while the wider stablecoin sector has swollen to roughly $263 billion—both record highs that underscore accelerating institutional demand for regulated digital cash.

“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,” chief product officer Myles Harrison said, praising Ripple’s “commitment to transparency and compliance.”

The partnership deepens ties forged when the bank—licensed in Switzerland since 2019 and now also regulated in Abu Dhabi and Hong Kong—pivoted to act as a multi-jurisdictional bridge between conventional finance and on-chain liquidity.

For Ripple, AMINA’s endorsement follows April’s integration of RLUSD into Ripple Payments, the company’s cross-border treasury platform already live in more than 70 payout corridors, where early adopters such as BKK Forex and iSend are settling flows with the token.

The announcement lands as the European Union’s MiCA regime, whose transaction-volume caps for non-e-money stablecoins took effect on 30 June 2024, forces issuers to demonstrate reserve integrity and governance discipline to maintain access to the bloc.

Separately, Ripple confirmed on 2 July that it has applied for a national bank charter with the US Office of the Comptroller of the Currency and—through its Standard Custody & Trust subsidiary—for a Federal Reserve master account, a step chief executive Brad Garlinghouse said would provide “both state (via NYDFS) and federal oversight, a new (and unique) benchmark for trust in the stablecoin market” while letting the firm hold RLUSD reserves “directly with the Fed” to “future-proof trust” in the token.

At press time, XRP traded at $2.286.

XRP price
XRP price, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Credit: Source link

Previous ArticleCharacter.AI Unveils Real-Time AI Video Technology with TalkingMachines
Next Article US Lawmakers Pledge “Crypto Week” To Advance Trump’s Agenda

Related Posts

Plasma stablecoin layer 1 raises $373M in 10-day token sale

July 29, 2025

End of Bitcoin’s 4-Year Cycle? Bitwise CIO Sees Safer Market Ahead Amid Rising Inflows and Altcoin Momentum

July 29, 2025

Binance Whale Inflows Suggest Possible Drop To $110,000

July 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Plasma stablecoin layer 1 raises $373M in 10-day token sale

July 29, 2025

Solana (SOL) Pulls Back to $183 Despite Bullish ETF Launch and $200 Breakout

July 29, 2025

Could the XRP Lawsuit End Before August 15?

July 29, 2025

Subscribe to Updates

Get the latest Crypto, Blockchain and Airdrop News from us to Catch The Bull.

Advertisement Banner

Welcome to CatchTheBull, your trusted source for the latest Crypto News and Airdrops. We bring you real-time updates, expert insights, and opportunities to stay ahead in the crypto world. Discover trending projects, market analyses, and airdrop details all in one place.

Join us on this journey to navigate the ever-evolving blockchain universe!

Facebook X (Twitter) Instagram YouTube
Top Insights

Mill City goes all-in on Sui with $450m treasury strategy

Should You Swap BNB for AVAX? Key Indicator Flashes Avalanche Strength

Whales Double Down On New AI Coin as Indicators Suggest Pullback In Cardano and Dogecoin Prices

Get Informed

Subscribe to Updates

Get the latest Crypto, Blockchain and Airdrop News from us to Catch The Bull.

© 2025 CatchTheBull. All Rights Are Reserved.
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$118,636.00-0.51%
  • ethereumEthereum(ETH)$3,786.77-3.05%
  • rippleXRP(XRP)$3.13-4.22%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$827.19-1.96%
  • solanaSolana(SOL)$183.89-4.71%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.226356-7.52%
  • staked-etherLido Staked Ether(STETH)$3,784.97-3.02%
  • tronTRON(TRX)$0.3268181.86%
  • cardanoCardano(ADA)$0.79-6.26%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$118,464.00-0.73%
  • Wrapped stETHWrapped stETH(WSTETH)$4,570.71-3.03%
  • HyperliquidHyperliquid(HYPE)$44.03-0.21%
  • suiSui(SUI)$3.94-8.33%
  • stellarStellar(XLM)$0.422672-5.34%
  • chainlinkChainlink(LINK)$18.17-6.18%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$4,059.35-3.12%
  • bitcoin-cashBitcoin Cash(BCH)$581.78-1.51%
  • hedera-hashgraphHedera(HBAR)$0.268427-6.00%
  • Wrapped eETHWrapped eETH(WEETH)$4,057.44-3.12%
  • avalanche-2Avalanche(AVAX)$24.93-5.68%
  • WETHWETH(WETH)$3,788.59-2.89%
  • litecoinLitecoin(LTC)$109.15-5.38%
  • leo-tokenLEO Token(LEO)$8.970.09%
  • the-open-networkToncoin(TON)$3.25-5.33%
  • shiba-inuShiba Inu(SHIB)$0.000013-6.05%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • USDSUSDS(USDS)$1.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.03%
  • whitebitWhiteBIT Coin(WBT)$44.30-1.15%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$118,653.00-0.48%
  • uniswapUniswap(UNI)$10.35-6.25%
  • polkadotPolkadot(DOT)$3.98-6.79%
  • moneroMonero(XMR)$318.37-1.55%
  • bitget-tokenBitget Token(BGB)$4.60-2.57%
  • pepePepe(PEPE)$0.000012-8.76%
  • crypto-com-chainCronos(CRO)$0.1474490.80%
  • aaveAave(AAVE)$288.17-5.62%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.190.02%
  • EthenaEthena(ENA)$0.63-9.62%
  • BittensorBittensor(TAO)$400.61-7.31%
  • daiDai(DAI)$1.00-0.01%
  • Pi NetworkPi Network(PI)$0.440442-2.53%
  • nearNEAR Protocol(NEAR)$2.73-8.63%
  • ethereum-classicEthereum Classic(ETC)$21.91-6.68%
  • OndoOndo(ONDO)$0.98-7.97%
  • internet-computerInternet Computer(ICP)$5.56-5.57%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$223.96-4.87%
  • okbOKB(OKB)$48.57-1.97%
  • bitcoinBitcoin(BTC)$118,636.00-0.51%
  • ethereumEthereum(ETH)$3,786.77-3.05%
  • rippleXRP(XRP)$3.13-4.22%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$827.19-1.96%
  • solanaSolana(SOL)$183.89-4.71%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.226356-7.52%
  • staked-etherLido Staked Ether(STETH)$3,784.97-3.02%
  • tronTRON(TRX)$0.3268181.86%
  • cardanoCardano(ADA)$0.79-6.26%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$118,464.00-0.73%
  • Wrapped stETHWrapped stETH(WSTETH)$4,570.71-3.03%
  • HyperliquidHyperliquid(HYPE)$44.03-0.21%
  • suiSui(SUI)$3.94-8.33%
  • stellarStellar(XLM)$0.422672-5.34%
  • chainlinkChainlink(LINK)$18.17-6.18%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$4,059.35-3.12%
  • bitcoin-cashBitcoin Cash(BCH)$581.78-1.51%
  • hedera-hashgraphHedera(HBAR)$0.268427-6.00%
  • Wrapped eETHWrapped eETH(WEETH)$4,057.44-3.12%
  • avalanche-2Avalanche(AVAX)$24.93-5.68%
  • WETHWETH(WETH)$3,788.59-2.89%
  • litecoinLitecoin(LTC)$109.15-5.38%
  • leo-tokenLEO Token(LEO)$8.970.09%
  • the-open-networkToncoin(TON)$3.25-5.33%
  • shiba-inuShiba Inu(SHIB)$0.000013-6.05%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • USDSUSDS(USDS)$1.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.03%
  • whitebitWhiteBIT Coin(WBT)$44.30-1.15%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$118,653.00-0.48%
  • uniswapUniswap(UNI)$10.35-6.25%
  • polkadotPolkadot(DOT)$3.98-6.79%
  • moneroMonero(XMR)$318.37-1.55%
  • bitget-tokenBitget Token(BGB)$4.60-2.57%
  • pepePepe(PEPE)$0.000012-8.76%
  • crypto-com-chainCronos(CRO)$0.1474490.80%
  • aaveAave(AAVE)$288.17-5.62%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.190.02%
  • EthenaEthena(ENA)$0.63-9.62%
  • BittensorBittensor(TAO)$400.61-7.31%
  • daiDai(DAI)$1.00-0.01%
  • Pi NetworkPi Network(PI)$0.440442-2.53%
  • nearNEAR Protocol(NEAR)$2.73-8.63%
  • ethereum-classicEthereum Classic(ETC)$21.91-6.68%
  • OndoOndo(ONDO)$0.98-7.97%
  • internet-computerInternet Computer(ICP)$5.56-5.57%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$223.96-4.87%
  • okbOKB(OKB)$48.57-1.97%