Cross River Bank is one of the highest-volume senders on the FedNow network. That fact alone makes its latest announcement significant. The bank has now embedded Ripple’s RLUSD stablecoin, built on the XRP Ledger, directly into its core banking infrastructure to expand faster payment capabilities for businesses.
The October 15 press release confirmed the integration. Cross River positioned the move as a step toward accelerating settlement speed for its business clients through the XRP Ledger’s payment rails.
SMQKE Highlights the Development
Crypto researcher SMQKE brought the announcement to wider attention on X, calling Cross River “one of FedNow’s highest volume banks” and noting it is “plugging XRP directly into its core banking infrastructure.” SMQKE linked Cross River’s FedNow participation to the XRPL integration, presenting the combination as a notable development for the XRP ecosystem.
The post generated significant engagement, with readers commenting on exactly what the integration means.
Community Pushes Back on the Details
Not everyone read the announcement the same way. User @ovi_will_bite challenged SMQKE’s characterization directly in the replies. “Cross River is integrating RLUSD on XRPL, NOT XRP for settlement,” they wrote. “Using FedNow and XRPL doesn’t mean FedNow uses XRP.”
@Chiara_831 added a measured take: “This doesn’t seem to have anything to do with XRP for the time being.”
The distinction matters. RLUSD is Ripple’s dollar-denominated stablecoin. It runs on the XRP Ledger but is a separate asset from XRP. The press release title confirms the integration involves RLUSD, not XRP as a bridge or settlement currency.
What the Integration Actually Confirms
Cross River’s decision to build on the XRP Ledger is still a meaningful development for the ecosystem. The bank chose the XRPL as the infrastructure layer for its stablecoin-based payment expansion. That gives the ledger a notable institutional presence, regardless of whether XRP itself functions as a settlement asset in this specific use case.
Cross River serves a large volume of business payment flows through FedNow. Adding RLUSD on XRPL to its core banking stack puts the ledger inside a high-traffic financial institution’s operational infrastructure. The practical effects of that positioning will become clearer as the integration develops.
Ripple’s Stablecoin Gains Institutional Ground
RLUSD launched in late 2024 and has steadily built institutional adoption. Cross River’s integration represents one of the more prominent banking partnerships for the stablecoin to date and reinforces Ripple’s strategy of expanding the XRP Ledger’s role in regulated financial infrastructure.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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