Cross River Integrates RLUSD Into Its Banking System, Making It Available Across the United States
Key Facts
Cross River announced its partnership with Ripple on October 15, 2026, to integrate RLUSD into its banking operating system, with support for transactions on the XRP Ledger. The integration gives the bank’s clients access to stablecoin payments through a single API connection. The company said this enables fintechs to move between the U.S. dollar and RLUSD and to settle cross-border payments and treasury flows around the clock. It said integration services are currently available in a limited number of U.S. states. The move gives the currency a route into banking payment services, while the two parties have not disclosed expected transaction volumes.
Cross River said RLUSD’s market capitalization exceeded $2.5 billion at the time of the announcement, with more than $1 billion issued on the XRP Ledger. Ripple describes the currency as backed one-to-one by reserves that include U.S. dollar deposits, U.S. Treasury securities and cash equivalents. The company says it regularly publishes independent attestations of its reserves. The New York State Department of Financial Services also lists RLUSD among the stablecoins approved for issuance in the state by virtual currency entities. According to Ripple, the currency operates across seven networks: XRP Ledger, Ethereum, Base, Optimism, Ink, Unichain and XRPL EVM Sidechain, allowing it to be used across more than one network.
RLUSD activity data on the XRP Ledger show a gap between the number of payments and their value. From September 19 to October 18, 2026, Bitquery recorded about 14,600 payments worth at least one dollar each, totaling $7.33 billion. The 10 largest wallets moved $6.05 billion, or 82% of the value of those payments. The figures show that a high number of payments does not necessarily mean most represent large transfers or activity distributed broadly.
As part of efforts to expand institutional use, Ripple Treasury said eligible clients may earn returns on qualifying digital assets held in a Ripple wallet, including RLUSD, subject to program requirements. The company cited the 2026 AFP Liquidity Survey, saying 46% of institutions increased their cash balances in the United States over the previous year. It reported that 86% of treasury professionals said their institutions would choose instant money market funds if their investment policies allowed it. Ripple presents the data in the context of its treasury services, without disclosing the value of assets or the amount of returns associated with the program. Client and asset eligibility remains subject to the program terms cited by the company.
Ripple announced a partnership with DriveWealth on October 14 to integrate its stablecoin infrastructure into asset settlement, with support set to begin in Europe and plans to expand into the United States. The integration uses RLUSD on the XRP Ledger alongside Ripple’s issuance and redemption capabilities. DriveWealth’s chief executive said the company had enabled trading five days a week and around the clock, adding: "We’ve already enabled trading around the clock on business days; now we need funding to keep pace." The two parties are scheduled to discuss the partnership during a panel at the Ripple Swell conference in New York on October 28, 2026. The upcoming session places the partnership within a discussion of institutional infrastructure for digital assets, while Ripple has not disclosed expected settlement volumes or its commercial impact.