Ripple signs Cross River deal to bring RLUSD into core banking
Ripple and Cross River Bank said on October 15 that RLUSD was being connected to Cross River’s banking platform and Core Operating System for dollar transfers, cross-border payments, and settlement on the XRP Ledger. The setup was described as giving eligible fintech clients access to stablecoin payments through a single banking API.
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Fintech clients that use Cross River’s platform are the direct audience here, because the setup gives eligible users a stablecoin payment path through a single banking API. In practice, that means RLUSD appears inside the bank’s operating system rather than as a separate tool, and that change is visible in the platform itself.
What changes is the payment route available inside Cross River’s platform: RLUSD is presented on the XRP Ledger alongside existing payment rails, and the agreement also covers dollar transfers, cross-border payments, and settlement. What stays the same is that the setup still sits inside a banking platform, rather than replacing it. (per cryptonews.com)
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 2 days ago | DriveWealth to use Ripple’s RLUSD for stablecoin settlement, cross-border payments event | 1 actors in common · 8 news media |
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