Cross River Adds Ripple’s RLUSD to Its Banking Platform
By Rick Steves
AI summary of the source article
Cross River is integrating Ripple's dollar-backed RLUSD stablecoin into its Core Operating System, supporting transactions on the XRP Ledger. The API integration targets fintechs and payment networks, though availability is currently restricted to limited states.
Why it matters
The integration is intended to give fintech customers another settlement rail through a single API, aimed at fintechs, payment networks, issuers and acquirers seeking more flexibility in when they move funds.
Key facts
- Cross River is integrating Ripple's RLUSD stablecoin into its Core Operating System via an API connection alongside traditional payment rails.
- The service supports transactions on the XRP Ledger for intraday settlement and around-the-clock cross-border treasury movements.
- Services are currently available only in limited states, with no timetable or specific states disclosed.
Source excerpt · FinanceFeeds
The integration is intended to give fintech customers another settlement rail through a single API, though services remain available only in limited states. Cross River is integrating Ripple’s dollar-backed RLUSD stablecoin into its Core Operating System , with support for transactions on the XRP Ledger. The bank said customers will be able to access RLUSD payments through an API connection alongs…