Cross River Bank links $2.4B RLUSD to core banking system
Photo: CryptoSlate
Cross River Bank is adding Ripple’s US dollar-backed RLUSD stablecoin to its core banking platform with XRP Ledger support, giving fintechs a route to stablecoin payments through the same connection they use for conventional banking services. The New Jersey bank announced the partnership on Oct. 15 and says customers can now access RLUSD through one API without deploying blockchain infrastructure. Services are available only in a limited number of US states, which the release did not identify. The arrangement opens a distribution channel for Ripple through a bank that supplies payments infrastructure to other financial businesses.
Source: CryptoSlate
