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.
At press time, XRP traded at $2.286.
