CandleFocus Swiss AMINA Bank removes custody fees for USDC to woo stablecoin holders
2025-01-16
Author: Content Editor
Swiss bank AMINA Bank, formerly known as SEBA Bank, has eliminated custody fees for its clients who hold USD Coin (USDC), a stablecoin. The bank hopes that by waiving the fees and providing rewards, it can attract more users of stablecoins. AMINA Bank also plans to include Circle's euro-backed stablecoin, EURC, in the program. Clients holding USDC will receive quarterly rewards directly from the bank. Experts predict that stablecoins will see increased adoption and use for real-world applications such as instant payments by 2025.
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