AMINA Bank, a Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank, has added Paxos’ USDG stablecoin to its custody, trading, and rewards services.

The bank has also joined the Global Dollar Network (GDN), a consortium of enterprises supporting the adoption of digital dollars.

USDG is a US dollar-backed stablecoin issued by Paxos Digital Singapore, an affiliate of Paxos. Paxos is a regulated blockchain infrastructure provider with long-standing experience in stablecoin issuance.

Paxos Digital Singapore operates as a Major Payments Institution under the supervision of the Monetary Authority of Singapore.

Membership in the Global Dollar Network gives AMINA Bank’s professional and institutional clients access to a wider ecosystem of regulated financial institutions.

The network includes platforms such as Robinhood, Kraken, OKX, Galaxy, Anchorage, and Bullish.

It supports interoperability and liquidity across digital dollar infrastructure.

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

“Our stablecoin rewards programme enables clients to earn up to 4% annual rewards on USDG holdings, reflecting our commitment to delivering value through compliant innovation. Joining the Global Dollar Network connects AMINA to the financial institutions building the rails for stablecoin adoption at scale.”

AMINA Bank says its integration of USDG responds to increasing demand for regulated stablecoin access within a traditional banking environment.

The bank already supports several stablecoins, including USDT, USDC, EURC, and RLUSD, offering clients varied options for digital dollar and euro exposure.

AMINA Bank notes that USDG backs its circulating supply one-to-one with reserves, primarily held in US government bonds, aligning with the bank’s risk management standards.

Nick Robnett, Head of Crypto Business Development at Paxos, commented on behalf of the Global Dollar Network:

“We’re excited to welcome AMINA Bank to the Global Dollar Network. We’re building infrastructure that enables financial institutions to offer clients secure, compliant access to digital dollars, and AMINA’s integration demonstrates the growing institutional demand for trusted stablecoin services.”

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