October 15th 2026, 3:07 PM
Ripple Stablecoin RLUSD Integrates into Cross River Bank
Key Summary
Cross River Bank partners with Ripple to integrate RLUSD, a USD-backed stablecoin, into its proprietary Core Operating System, providing instant payments, real-time settlement, and cross-border services. The integration expands stablecoin capabilities and reduces latency for fintech clients.
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What the Integration Actually Does
RLUSD now joins ACH and wire transfers as an alternate payment rail. Fintech partners can reach it through a single API, the same kind of software connection they would use for traditional transfers.Partnership Benefits
The integration is designed to give partners access to instant payments, real-time settlement and cross-border services, running 24/7. The partnership is expected to give issuers and acquirers more flexibility and reduce latency.Stablecoin Numbers
RLUSD launched in December 2024 under a New York trust company charter. The stablecoin's market capitalization now exceeds $2.5 billion. More than $1 billion of that has been issued on the XRP Ledger, with the rest living elsewhere.Regulatory Oversight
RLUSD is backed 1:1 by cash, Treasuries and cash equivalents. It operates under official regulatory oversight. Transactions on XRPL settle in 3 to 5 seconds at nearly zero cost. The ledger has settled more than $1.3 trillion in value to date.Broader Shift
Executives at both Cross River and Ripple have expressed confidence in expanding stablecoin capabilities. For Ripple, the partnership extends RLUSD's reach into regulated environments. For Cross River, it adds a faster rail to its service lineup for fintech clients without forcing them to leave the bank's ecosystem.#Ripple#Stablecoin#CrossRiverBank#USDCoin