Search results for Cross River
Crypto
Who drives the stablecoin market: Issuance by Circle, distribution by Coinbase
Institutional finance payment infrastructure is shifting from correspondent banking-led structures to stablecoin networks, with key functions concentrated among a handful of firms. Stablecoin market capitalisation rose to $317.89 billion in April 2026 from about $125 billion in early 2024, while 2025 transfer volume reached $33 trillion. USDC led institutional payments. Issuance centres on Circle and Paxos, distribution on Coinbase and Wintermute, and custody on Fireblocks and exchange cold wallets.
Crypto
Musk silence on XRP draws attention as X Money rollout gains pace
As X, formerly Twitter, moves closer to launching its X Money digital payments service, interest is rising in why Elon Musk does not publicly mention XRP. A crypto outlet reported that X Money is built on bank infrastructure for U.S. dollar payments, with customer funds held at FDIC-insured Cross River Bank. Some XRP supporters point to Cross River’s past use of Ripple technology, while others cite regulatory risk.
Crypto
Musk\'s X begins external beta test of X Money with 6 percent yield option
Elon Musk-led social media platform X has begun an external beta test of its X Money payments service in cooperation with actor William Shatner. X sent beta invitations to some users after testing internally. Invitations were offered through an online auction, with proceeds donated to Shatner’s charity. X Money plans include a metal debit card, person-to-person transfers via Visa and a direct-deposit option offering up to 6.00 percent APY.
