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crypto.news 2025-01-16 09:25:17

Swiss AMINA Bank removes custody fees for USDC to woo stablecoin holders

Swiss AMINA Bank has waived custody fees for USDC holders, offering quarterly rewards and asset protection to boost stablecoin adoption. Crypto-friendly AMINA Bank (formerly SEBA Bank) has removed custody fees for its USD Coin ( USDC ) Stablecoin Rewards Account clients in an effort to attract more stablecoin users. The new offer applies to both hot and cold wallet storage without extra costs, the bank revealed in a press release shared with crypto.news. The bank also announced plans to add EURC, Circle ‘s euro-backed stablecoin, to the program soon. Clients holding USDC will receive quarterly rewards directly from the bank, the press release reads. You might also like: Latin America’s Nubank launches 4% annual USDC rewards for stablecoin holders AMINA Bank’s chief product officer Myles Harrison says the offering provides a “great addition to the products that help our clients thrive in the world of crypto.” “As one of the first regulated banks to offer fee-free custody of USDC with rewards on holdings across both hot and cold wallets, AMINA Bank is solidifying its commitment to advancing the growth and adoption of stablecoins.” Myles Harrison Many experts believe 2025 will be a big year for stablecoins as their use shifts from trading to real-world applications like instant payments. In a Jan. 1 post on X, Dragonfly Capital’s managing partner Haseeb Qureshi shared several predictions for 2025, highlighting a promising future for stablecoins. He suggested that regulatory clarity could pave the way for the U.S. to introduce bank-issued stablecoins by year-end. Still, the Dragonfly Capital managing partner anticipates no major disruptions for established issuers like Tether, which he believes will retain their dominance “especially with [Howard] Lutnick as Secretary of Commerce.” Read more: Circle partners with Bison Digital Assets for MiCA-compliant stablecoins