Onchain payments
Cross River stablecoin payments
Cross River’s stablecoin payments solution facilitates stablecoin-based transactions on supported blockchains through Cross River’s regulated banking infrastructure.
Stablecoin payments are initiated, processed, and reconciled through Cross River regulated banking infrastructure, applying the same compliance and settlement standards used for traditional payment rails such as ACH, FedNow, RTP, and Wires.
When stablecoin payments are sent or received, an equivalent amount of USD is debited from or credited to the Cross River account. Stablecoins are used for onchain settlement and do not post directly to the account.
How it works
Stablecoin payments are processed through Cross River regulated infrastructure and executed on supported blockchain networks.
- Send: An outbound stablecoin payment is initiated by specifying a transfer to a verified external blockchain address. The equivalent USD amount is debited from the Cross River account, and the corresponding stablecoin amount is delivered onchain once the transaction is validated.
- Receive: Stablecoins sent from an external blockchain address are received through Cross River managed onchain infrastructure. Once the transfer is confirmed onchain and required compliance checks are completed, the equivalent USD amount is credited to the Cross River account.
- Stay informed: Webhooks provide near real-time status updates for sent and received payments, supporting automated monitoring, reconciliation, and reporting.
Supported assets and networks
Cross River supports stablecoin transfers on supported blockchains. Available assets and networks may vary based on product configuration, operational readiness, and approved use case.
Support for additional stablecoins and blockchain networks may be added over time.
Wallets and address management
Cross River abstracts the blockchain infrastructure required to send and receive stablecoin payments, so customers can access stablecoin payment capabilities without directly managing onchain wallets, private keys, or custody operations.
- Wallets linked to accounts for inbound stablecoin transfers: Stablecoins sent from an external blockchain address are received through Cross River onchain infrastructure. Once the transfer is validated onchain and required compliance checks are completed, the equivalent USD amount is credited to the linked Cross River account.
- External beneficiary wallets for outbound stablecoin transfers: Outbound stablecoin payments are initiated by debiting the equivalent USD amount from the Cross River account. The corresponding stablecoin amount is delivered onchain to a screened external blockchain address through Cross River managed infrastructure.
- Account experience: Stablecoin payment activity is reflected in USD in the Cross River account. Customers do not need to directly hold or manage stablecoins, private keys, or onchain wallets.
Why choose Cross River
Stablecoin payments with Cross River give you:
- One endpoint to access stablecoin payments
- No direct issuer integration required
- No separate market maker integration required
- No need to manage wallets, private keys, or custody operations
- Screening and monitoring built into the payment flow