Key Highlights
- Cross River launched a stablecoin payment offering integrated with its core system, COS, to unify fiat and stablecoin transactions
- The solution provides compliant, bank-grade infrastructure for partners, eliminating complexities like operational sprawl and pre-funding.
- The development is a step in transitioning to on-chain finance, supporting use cases like network settlement and treasury management.
Cross River Bank, a fintech infrastructure provider, announced on November 24, the launch of its new offering to facilitate stablecoin payments. The development is designed to unify traditional financial (TradFi) systems with blockchain networks, providing a single, interoperable solution for moving value.
Cross River’s proprietary real-time core banking system, COS, is integrated with the new stablecoin payment solution. By streamlining fiat and stablecoin transactions into a single system, this will allow businesses to transact across multiple blockchain networks and current banking rails with bank-grade compliance.
The platform removes operational inefficiencies for users by combining these systems, eliminating the need to rebuild separate ledgers or pre-fund accounts. This compliant infrastructure is being made available to fintech companies, large enterprises, and crypto-native platforms for applications such as network settlement, merchant payouts, on/off ramps, and treasury management.
Cross River adds to the $20T stablecoin volume
Cross River provides secure and compliant financial infrastructure to digital asset platforms. The launch is noted as a pivotal step in the ongoing transition to on-chain financial infrastructure, a shift supported by the fact that stablecoin volumes now exceed $20 trillion annually. The new offering provides the benefits of on-chain finance—programmability, transparency, and speed—while operating under the regulatory oversight of a federally regulated bank.
Luca Cosentino, Head of Crypto at Cross River, highlighted the operational difficulties companies previously faced, stating, “Moving to onchain finance requires true interoperability between fiat and blockchain networks. Previously companies were forced into inefficient choices—pre-funding, high cost of capital, stitched-together vendors, and slow time-to-market. By abstracting the complexity of blockchain integrations, our platform enables fintechs, enterprises, and crypto-native companies to access stablecoin capabilities without compromising on regulatory expectations or operational requirements.”
Cross River’s efforts for a widespread reach
While the stablecoin payments offering is currently available to approved partners across the fintech, enterprise, and crypto-native sectors, Cross River plans a broader release in the future. Beyond its immediate use for payments, the infrastructure is being built to support a wider range of future use cases involving digital assets and blockchain technology.
Gilles Gade, Founder, President and CEO of Cross River, stated the broader vision for the platform. “We’re building the future of finance,” he said. “We’re taking blockchain beyond payments and settlement, reimagining every corner of banking—from BaaS to lending—to deliver a faster, more connected financial world grounded in safety and trust.”
This new product reflects Cross River’s long-standing view that regulatory compliance and financial innovation can be successfully integrated. The bank aims to help shape a more inclusive and efficient future for global finance as the digital asset sector continues its maturation. Currently, these services are available only in a limited number of states.
Also Read: MiCA Stablecoin Adoption Grows With 17 Authorized Issuers
