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Cross River Embeds Ripple USD Stablecoin on the XRP Ledger into its Core Banking Infrastructure, Expanding Faster Payment Capabilities for Businesses

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Cross River Embeds Ripple USD Stablecoin on the XRP Ledger into its Core Banking Infrastructure, Expanding Faster Payment Capabilities for Businesses

Cross River Bank (“Cross River”), a leading technology infrastructure platform powering embedded financial solutions, serving as the trust anchor for global banking and money movement, announced it is partnering with Ripple, the leading provider of blockchain solutions across traditional and digital finance, to integrate RLUSD, its U.S. dollar-backed stablecoin, into Cross River’s proprietary Core Operating System (COS), with support for transactions on the XRP Ledger (XRPL), a public blockchain. The integration marks another step toward converging traditional banking and blockchain-based payments within the regulated U.S. financial system.

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Cross River’s proprietary technology platform serves as the integration layer between regulated financial services and blockchain-based payment networks. By combining traditional payment technology with RLUSD on the XRPL, Cross River and Ripple are enabling a new settlement option for payment networks, giving issuers and acquirers greater flexibility to settle intraday and reduce settlement latency.

Purpose-built for institutional use, RLUSD is issued on the XRPL, a public blockchain where transactions settle in 3-5 seconds at a fraction of a cent and can move 24/7. With more than $1.3 trillion in value settled to date, XRPL provides the speed and cost efficiency underpinning this integration.

“Businesses shouldn’t have to rely on several different providers to move money across the globe. Our partnership with Ripple eliminates that complexity and makes payments simpler,” said Adam Goller, Head of Fintech Banking at Cross River.



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