Ripple signs Cross River deal to bring RLUSD into core banking

Ripple has signed an agreement with Cross River Bank to connect its RLUSD stablecoin to a single banking platform for dollar transfers, cross-border payments, and round-the-clock settlement on the XRP Ledger. Summary Cross River will integrate RLUSD into its Core Operating System through a single API connection. Fintech customers will access stablecoin transfers alongside ACH, wires, and real-time payment services. The bank says its services are currently available only in limited U.S. states. Recent Ripple agreements cover brokerage settlement, institutional custody and wallet tools for application developers. Cross River announced the partnership on Oct. 15, saying fintech companies would be able to move between U.S. dollars and RLUSD through its existing banking infrastructure. Under the agreement, the bank will add the stablecoin to its proprietary Core Operating System, or COS, with transactions supported on the XRP Ledger. For businesses using the platform, the bank described access to blockchain payments without having to build separate blockchain infrastructure. Cross River said its connection would combine RLUSD transfers with ACH, wire transfers and real-time payments thr...