TLDR:
- Cross River Bank is integrating Ripple’s RLUSD stablecoin into its proprietary Core Operating System.
- RLUSD transactions on the XRP Ledger settle in 3-5 seconds at a fraction of a cent, around the clock.
- Fintechs can move between dollars and RLUSD and access ACH, wires, and real-time payments via one API.
- RLUSD market capitalization has passed $2.5 billion, with more than $1 billion issued on the XRP Ledger.
Cross River Bank has partnered with Ripple to integrate RLUSD, Ripple’s U.S. dollar-backed stablecoin, into its Core Operating System.
The integration supports transactions on the XRP Ledger, a public blockchain. The move brings traditional banking and blockchain-based payments closer within the regulated U.S. financial system.
Issuers and acquirers gain a new option to settle intraday and reduce settlement latency. Fintechs can reach RLUSD payments through a single API connection for real-time settlement.
How Cross River Brings RLUSD Into Its Banking Core
Cross River Bank described its platform as an integration layer between regulated financial services and blockchain-based payment networks.
RLUSD will sit inside the bank’s proprietary technology. As a result, customers can access the stablecoin without deploying their own blockchain infrastructure.
Cross River Bank shared the news in a post on X. The post said the partnership expands its stablecoin optionality. It also said the bank is proud to give partners “greater choice and flexibility.” The bank described the effort as a unified payments experience.
Adam Goller, Head of Fintech Banking at Cross River, commented on the partnership. He said, “Businesses shouldn’t have to rely on several different providers to move money across the globe.”
Goller added that the integration builds on existing stablecoin infrastructure and expands “capabilities already in development.”
Fintechs can move between U.S. dollars and RLUSD on the platform. They can also settle cross-border payments and treasury movement 24/7.
Customers will access ACH, wires, and real-time payments through the same platform. Cross River will add RLUSD as an additional payment rail.
RLUSD and the XRP Ledger Support Faster Settlement
RLUSD is purpose-built for institutional use and issued on the XRP Ledger, a public blockchain. Transactions on the network settle in three to five seconds at a fraction of a cent. Payments can also move 24/7. The XRP Ledger has settled more than $1.3 trillion in value to date.
Markus Infanger, SVP of RippleX at Ripple, also commented on the integration. He said, “Stablecoins won’t transform payments through parallel financial systems.” “They’ll do it by becoming part of the banking infrastructure businesses already use,” he added.
Infanger said Cross River is “at the forefront of putting that into practice.” He said the combination “can make it easier for fintechs to move money in real time.”
Transfers can also occur across borders and around the clock. Together, the companies are building tools so RLUSD can move alongside traditional dollars under the same standards. The expanded partnership brings Ripple deeper into Cross River’s ecosystem.
RLUSD has grown to more than $2.5 billion in market capitalization. More than $1 billion is issued on the XRP Ledger.
Demand continues to rise for regulated stablecoins across payments, trading, and institutional use cases. Services from Cross River Bank are currently available only in limited states.
