Ripple has minted an additional 16 million RLUSD – its USD-backed stablecoin – pushing the total circulating supply to over $440 million. This move comes as Switzerland’s AMINA Bank officially becomes the first global bank to support RLUSD, opening new doors for liquidity and institutional adoption.
According to Ripple, the new RLUSD tokens were minted through its treasury, reflecting growing demand for well-regulated stablecoins. At the same time, AMINA – a crypto-focused bank serving institutions and professional investors – will offer custody and trading services for RLUSD.
AMINA said it aims to combine the security of traditional banking with the efficiency of blockchain technology. By supporting RLUSD, the bank is positioning itself as a pioneer among traditional financial institutions entering the digital asset space. RLUSD is backed by cash and cash-equivalent reserves, held at Standard Custody – a Ripple subsidiary regulated by New York financial authorities.
The support from AMINA comes amid rising demand for transparent, regulated stablecoins, especially from funds and enterprises seeking reliable on-chain settlement. This development is expected to enhance RLUSD’s liquidity and drive new use cases.
Ripple is accelerating its strategy to strengthen RLUSD’s role as a secure bridge between fiat currencies and digital assets. In addition to AMINA, Ripple previously partnered with OpenPayd to streamline fiat-to-RLUSD conversions – a move aimed at challenging dominant players like USDT and USDC.
The collaboration between Ripple and AMINA signals a significant step toward integrating blockchain infrastructure with traditional finance. It could pave the way for wider RLUSD adoption and help shape the next chapter of global digital finance.
