Cross River integrates Ripple's RLUSD stablecoin into banking platform
The bank is adding the stablecoin to its core system, giving fintech clients stablecoin payments through one interface alongside traditional services.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Cross River, a bank, is integrating Ripple's RLUSD stablecoin into its core banking platform. The move lets fintech clients make stablecoin payments through a single API alongside services such as ACH transfers and wire payments. The partnership was announced on October 15.
Why it matters
The integration is meant to expand payment and settlement options for the bank's clients.
Timeline
- Oct 15, 12:45 PM ET: Cross River announced it is integrating Ripple's RLUSD stablecoin into its banking platform to expand payment and settlement options.
- Oct 16, 7:17 AM ET: Coverage noted that Cross River has integrated RLUSD on the XRP Ledger into its banking platform.
Coverage
- Ripple Brings RLUSD to Cross River Bank as Garlinghouse Backs Evernorth’s XRP Strategy (TradingView)
- Ripple Lands Core Banking Deal With Cross River — What Does It Mean For XRP? (Yahoo News)
- Cross River integrates Ripple stablecoin into core banking payments platform (roi-nj.com)
- Ripple's Stablecoin Is Moving Into Stock Trading. What Does XRP Get Out of It? (247wallst.com)
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