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      Cross River Bank Integrates Ripple’s RLUSD Stablecoin into Banking System

      Cross River Bank has announced a strategic partnership with Ripple to integrate RLUSD, Ripple’s USD-backed stablecoin, into its Core Operating System. This integration, effective October 15, 2026, positions RLUSD alongside traditional payment methods such as Automated Clearing House (ACH) transfers and wire transfers, enhancing the bank's offerings for its fintech partners.

      With this new setup, fintech companies utilizing Cross River Bank can access RLUSD through a single application programming interface (API), eliminating the need for a separate cryptocurrency infrastructure. This integration aims to facilitate instant payments, real-time settlements, and cross-border transactions, operational 24/7, thereby providing greater flexibility and reduced latency for issuers and acquirers.

      RLUSD, which launched in December 2024 under a New York trust company charter, has a market capitalization exceeding $2.5 billion, with over $1 billion issued on the XRP Ledger. The stablecoin is backed 1:1 by cash, Treasuries, and cash equivalents, and operates under regulatory oversight. Transactions on the XRP Ledger settle in 3 to 5 seconds at minimal cost, having processed more than $1.3 trillion in value to date. This partnership not only expands RLUSD's reach into regulated environments but also enhances Cross River's service capabilities for its fintech clients.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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