Cross River Bank is adding Ripple’s dollar-backed stablecoin RLUSD to its core banking infrastructure, with settlement on the XRP Ledger. Fintech companies will be able to access dollar and RLUSD payments through the bank’s existing API, without building their own blockchain systems. The integration gives RLUSD another banking route into fintech payments and corporate settlement, though Cross River has not disclosed the rollout schedule or full service scope.
One API for dollars and RLUSD
Cross River said fintech clients can use its proprietary Core Operating System (COS) to move funds between dollars and RLUSD and handle cross-border payments and corporate treasury transactions. The platform also supports traditional payment rails, including ACH, wire transfers and real-time payments, and operates around the clock.
The API connects fintech companies to the bank’s services, while Cross River handles access to the blockchain payment network. Clients can therefore use RLUSD alongside conventional bank payment methods through a single integration, without setting up their own blockchain infrastructure.
Adam Goller, head of fintech banking at Cross River, said businesses should not have to rely on multiple providers to move funds globally. He described the RLUSD integration as an extension of the bank’s existing platform, adding stablecoin transfers and on-chain settlement to its banking services.
XRPL offers settlement in seconds
Cross River said settlement on the XRP Ledger takes about three to five seconds. For payment networks, that could give issuers and acquirers another option for intraday settlement and reduce some waiting times. ACH, wires and other traditional payment channels will remain separate options available through COS.
RLUSD and XRP are different assets. RLUSD is a dollar-backed stablecoin designed for payments; XRP is the XRP Ledger’s native asset. Cross River’s announcement confirms that RLUSD payments will use XRPL, but does not say whether transfers between customers will require XRP as an intermediary asset.
Markus Infanger, RippleX’s senior vice president, said the collaboration is intended to let businesses use stablecoins through their existing banking relationships, with the bank providing a connection to on-chain settlement networks.
Availability and rollout details remain unclear
The service is currently limited to some U.S. states, but Cross River has not named them. The bank also has not disclosed participating customers, transaction volumes or a formal launch timetable, making the initial reach and payment activity difficult to assess.
The integration builds on a stablecoin payments platform Cross River announced on November 24, 2025. That service was offered to approved fintech companies, businesses and crypto-industry partners in some states through COS. The latest update adds support for RLUSD and the XRP Ledger.
In a business update in March, Luca Cosentino, Cross River’s head of crypto, said eligible accounts could send and receive stablecoins directly from dollar balances. He also cited plans to integrate issuers, automated liquidity tools and standardized APIs.
RLUSD market capitalization near $2.4 billion
As of October 16, 2026, RLUSD had a market capitalization of about $2.4 billion and a circulating supply of roughly 2.43 billion tokens. Its 24-hour trading volume was about $181.82 million, down 19.19% from the previous day. Separately, Cross River said in its October 15 announcement that more than $1 billion of RLUSD had been issued on the XRP Ledger. The figures measure different things: the token’s overall market size and issuance on XRPL, respectively.
The partnership comes as more banks expand stablecoin services. On October 12, Standard Chartered said its Dubai International Financial Centre branch would offer custody of RLUSD issued on XRPL to eligible institutional clients. The announcement also referenced an LMAX collateral integration plan. Cross River’s approach centers on payment access and settlement infrastructure rather than custody alone.