Ripple RLUSD Stablecoin Gains 20% After Key Global Bank Integration

• The 24-hour volume of RLUSD reached $60M following AMINA Bank’s support. It signals a significant institutional interest.
• Ripple’s Fed access plan and bank charter aligns with the stablecoin regulatory shifts in advance of the GENIUS Act.

Ripple’s RLUSD stablecoin surged 20% Within 24 hours of Switzerland’s AMINA Bank The first bank that fully supports it is a fully-regulated one. On July 2, the announcement was made, and it increased RLUSD’s daily volume by The $60 Million The market capitalization of the company has now surpassed $469 millions.

AMINA Bank offers now custody and trading in RLUSD to institutional clients. It includes financial institutions, corporations and professional investors. It is significant that the bank has backed this, as more traditional investors can now enter. stablecoin You can rent space from a licensed partner.

Myles Harrison, Chief Product Officer at AMINA Bank, said,

Ripple is a great partner because of their commitment to compliance and transparency. We will continue to work with them to provide institutional-grade services for digital assets.

Ripple tries to get a U.S. banking licence

Before AMINA made her announcement Ripple submitted The application was submitted to the U.S. Office of the Comptroller of the Currency in order to obtain a charter for national banking. Ripple, if granted, would be able to work nationwide without needing state-level approval. It could also hold RLUSD reserve funds under federal oversight.

Brad Garlinghouse confirmed, as Ripple’s CEO, that his company had applied to the U.S. Federal Reserve for a master account. It would give direct access to central banking. 

Garlinghouse explained that the Fed would be able to access our RLUSD reserve directly and this will provide us with an additional level of security in order to ensure future trust.

It is well timed, because lawmakers are preparing for the implementation of the GENIUS Act. The law requires stablecoins issuers back their tokens with assets, and to submit themselves to federal regulations. Ripple has moved in the same direction by applying for a license to operate as a financial institution. Circle and Fidelity are seeking approvals of essentially the same kind.

AMINA Signals Changes in Attitudes towards Traditional Finance

AMINA Bank’s backing is indicative of a larger trend where financial institutions that are regulated, and those who serve business clients in particular, start to partner with providers of tokenized dollars. RLUSD is still lagging behind giants such as USDC Its activity ratio indicates an increased use. Volume-to-market cap ratio of the token over the last 24 hours has reached 8.85%. This indicates stronger transactions.

Since December 2024 when RLUSD was launched, it has handled $10 billion. To ensure its value is stable, it’s fully backed up by U.S. dollars, government bonds and other cash-equivalents. The token is already listed on major exchanges such as Gemini, Kraken and Bitget.

RLUSD has You can also increase your chances by increasing the number of people who you are able to contact. Ethereum’s value has increased in the last few months. You can find out more about it here. Circulating supply Growing Since January, four. Its security design is tailored to the needs of institutions, which gives it an edge over other risk-conscious clients.