Cross River Bank adds $2.4 billion RLUSD stablecoin to core banking platform

Cross River Bank is adding Ripple's US dollar-backed RLUSD stablecoin to its core banking platform with XRP Ledger support. The New Jersey bank announced the partnership on Oct. 15. Cross River says customers can now access RLUSD through one application programming interface, or API, without deploying blockchain infrastructure. RLUSD had a market capitalization of about $2.4 billion as of Oct. 16. Cross River's Oct. 15 release separately put RLUSD issuance on the XRP Ledger above $1 billion.

Services are available only in a limited number of US states, which the release did not identify. Customer names, transaction volumes and a rollout schedule remain undisclosed. The arrangement opens a distribution channel for Ripple through a bank that supplies payments infrastructure to other financial businesses. Cross River is extending its existing stablecoin platform with RLUSD as an additional payment option for fintech customers and payment networks.

Cross River says fintechs can use the bank's proprietary Core Operating System (COS) to move between US dollars and RLUSD. Cross River says fintechs can settle cross-border payments and treasury transfers around the clock through COS. Cross River says COS also provides access to ACH, wires and real-time payments. The API connects fintechs to the bank's services. Cross River handles the blockchain payment-network integration, allowing customers to access RLUSD alongside conventional payment options through the same connection.

Adam Goller, Cross River's head of fintech banking, said businesses should not have to rely on several providers to move money globally. Goller said the RLUSD integration expands capabilities already under development by bringing stablecoin transfers and traditional payment systems into the existing platform. Cross River and Ripple also present the integration as another settlement option for payment networks. Card issuers and acquirers, which handle merchants' card transactions, could gain more flexibility to settle within the day and reduce settlement delays.

Cross River cites XRP Ledger settlement times of three to five seconds. ACH, wires and other conventional payment systems remain separate options accessed through COS. RLUSD is distinct from XRP, the XRP Ledger's native asset. The announcement identifies RLUSD as the dollar-backed payment asset and XRP Ledger as the supporting blockchain. Any role for XRP as the principal asset transferred between customers remains unspecified. Markus Infanger, senior vice president of RippleX at Ripple, described the partnership as a way to integrate stablecoins into banking infrastructure businesses already use.

Cross River announced a COS-integrated stablecoin-payments offering on Nov. 24, 2025, for approved fintech, enterprise and crypto partners, also with limited-state availability. The new announcement adds RLUSD and XRP Ledger support to that broader platform. In a March 24 explanation, Luca Cosentino, Cross River's head of crypto, described accounts that could send and receive stablecoins directly from dollar balances. Cosentino cited issuer integrations, automated liquidity and standardized APIs as features of the bank's approach.

On Oct. 12, Standard Chartered launched RLUSD custody through the bank's Dubai International Financial Centre branch for eligible institutional clients holding XRP Ledger-issued RLUSD. A separate LMAX collateral integration remained planned. Cross River's partnership extends RLUSD's banking presence into payments and settlement.