Ripple 
$1 has significantly increased the supply of its stablecoin, RLUSD, which is pegged 1:1 to the US dollar, by issuing 16 million new coins. This issuance has brought the total market supply of RLUSD above the $440 million mark. Switzerland-based crypto bank AMINA has announced itself as the first global bank to directly support RLUSD. The bank will provide custody and trading services for institutional and professional investors.
The Continuing Rise of RLUSD Supply
Ripple’s RLUSD reserves are held with cash and cash equivalents in Standard Custody, directly under the supervision of New York regulators. The new RLUSD coin issuance highlights the high interest from institutions seeking clear regulations for stablecoins.
As the demand for cryptocurrencies that are reliable, transparent, and price-stable increases among institutions, the liquidity of RLUSD is also rising. This fresh issuance of 16 million coins is expected to reduce the risk of disruption in blockchain-based payments, allowing Ripple to serve as a stronger bridge for international transfers.
The addition of new coins while the market cap exceeded $440 million as of June has also accelerated RLUSD’s competition with leading stablecoins like USDT and USDC. The foundational demand from institutions for fast, low-cost, and regulated settlements within the blockchain fuels the current scenario. The scenarios for using RLUSD as collateral, payment, or a trading bridge are expected to increase shortly.
Ripple and AMINA Bank’s RLUSD Partnership
AMINA, which has partnered with Ripple for RLUSD, stands out as a crypto bank aiming to combine traditional banking security frameworks with blockchain efficiency. By directly supporting RLUSD, it could open a new chapter in banks’ integration with cryptocurrencies. RLUSD will benefit from the Basel-based bank’s global network, reaching a broader investor base with institutional custody standards.
The bank’s move underscores the rising institutional interest in regulated stablecoin solutions. Ripple recently increased adoption by simplifying fiat-RLUSD conversions in collaboration with OpenPayd. AMINA’s participation may encourage other financial institutions to consider RLUSD or similar projects, narrowing the gap between traditional finance and the crypto ecosystem.
