Cross River Bank has introduced a stablecoin payment platform designed to streamline the integration of fiat and digital currencies. This new infrastructure allows fintech firms, businesses, and crypto-native companies to efficiently manage network settlements, merchant payments, and capital flows while adhering to bank-grade compliance standards. CEO Gilles Gade stated that the initiative aims to create a faster, more interconnected financial ecosystem. Luca Cosentino, head of crypto at Cross River, noted that the platform addresses inefficiencies such as pre-funding and high capital costs. The service, available to approved partners, supports over $20 trillion in annual stablecoin transactions.