Key Highlights
- AMINA Bank integrated Paxos’ USDG stablecoin for custody, trading, and client rewards, including a 4% annual return program.
- The Swiss-regulated bank joined the Global Dollar Network to enhance digital dollar liquidity and global interoperability.
- The move expands AMINA Bank’s compliant stablecoin offerings amid growing institutional demand for regulated digital assets.
AMINA Bank AG, a Swiss-regulated financial institution, has integrated the USDG stablecoin from Paxos into its services and announced on December 2 that it has become a member of the Global Dollar Network.
This integration enables AMINA Bank to adopt USDG for custody, trading, and client rewards while joining the Paxos-led global ecosystem to further grow its suite of regulated stablecoin services. It focuses on the growing institutional demand for access to compliant, digital dollar liquidity.
Global Dollar, or USDG, is a stablecoin issued by Paxos Digital Singapore and overseen by the Monetary Authority of Singapore. In line with this development, all of AMINA Bank’s institutional and professional customers will be able to access the stablecoin.
Core integration
The integration means that clients can hold and trade USDG and participate in a specialized rewards program offering up to 4% annual returns on their USDG balances. The inclusion in the Global Dollar Network immediately connects AMINA to an ecosystem of dedicated enterprises focused on advancing the adoption of the digital dollar worldwide.
Myles Harrison, Chief Product Officer of AMINA Bank, said, “USDG custody, trading, and rewards represent the latest expansion of our regulated stablecoin offering, continuing our leadership in bringing institutional-grade digital dollar access to professional investors.”
Amina Bank’s regulatory standing
AMINA Bank has been regulated by FINMA since 2019 and holds other licenses around the globe, including in Abu Dhabi and Hong Kong. This adoption of USDG expands the bank’s established stablecoin support, which already encompasses USDT, USDC, EURC, and Ripple USD (RLUSD), thereby giving clients a more diversified exposure to digital dollar and euro infrastructure.
USDG follows institutional standards, with its reserves primarily composed of US government bonds held on a one-to-one basis against the circulating supply, thereby ensuring transparent and stable backing.
Global dollar network and institutional demand
This move puts AMINA in company with some of the largest global platforms and institutions, such as Robinhood, Kraken, OKX, Galaxy, Anchorage, and Bullish, in the Global Dollar Network, proof that an industry-wide movement toward the integration of stablecoins into traditional finance continues unabated.
Nick Robnett, Head of Crypto Business Development at Paxos, speaking on behalf of the Global Dollar Network, said, “We are delighted to welcome AMINA Bank to the Global Dollar Network. We are building an infrastructure that enables financial institutions to offer customers secure and compliant access to the digital dollar, and AMINA’s integration demonstrates the growing institutional demand for proven stablecoin services.”
Future vision and cross-border efficiency
The integration points to a future in which regulated banks will act as primary gateways to access digital assets, moving liquidity within a formal and compliant framework. By adopting USDG and joining the GDN, AMINA Bank increases the prospect of seamless interoperability for its institutional clients across a global network of regulated financial firms.
The rewards program associated with USDG holdings also suggests that regulated institutions are actively considering routes to derive value and attractive yields for corporate treasuries and large investors through digital assets, providing the underlying regulatory and compliance standards are met. This is foreseen to enhance cross-border efficiency and payment finality.
Harrison further elaborated on this vision, saying, “USDG custody, trading, and rewards represent the latest expansion of our regulated stablecoin offering and reinforce our leadership in providing access to institutional-grade digital dollars for professional investors.”
He added, “Our stablecoin rewards program allows clients to earn up to 4% annual rewards on USDG holdings, reflecting our commitment to delivering value through compliant innovation. Membership in the Global Dollar Network connects AMINA with financial institutions that are launching gateways for the widespread adoption of stablecoins.”
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