US EditionRipple’s RLUSD to Power Mastercard Credit Card Settlements on XRP Ledger
The pilot uses the XRP Ledger and RLUSD stablecoin to enable near-instant credit card settlements, with RLUSD surpassing $1 billion in circulation, Ripple said.
- On Wednesday at Ripple's Swell 2025 event, Ripple announced a pilot to settle credit card transactions using RLUSD, a stablecoin introduced in December 2024, with Mastercard said to explore blockchain efficiency.
- Aiming to speed settlement, the pilot seeks to bring blockchain speed and efficiency into the back end of a payment flow consumers already know, Monica Long said.
- Under a New York Trust Charter, RLUSD, a U.S. dollar-backed stablecoin introduced November 2025, will be explored for Mastercard said settlement on Ripple's XRP Ledger .
- Mastercard said the project is part of its broader effort to integrate regulated digital assets into its global network and could model other card programs considering blockchain-based settlement.
- Prior ties between Gemini and Ripple include collaborating on an 'XRP edition' of the Gemini Credit Card earlier this year, and a CORRECTION dated Nov. 5 clarified the relationship between Ripple and XRP.
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45 Articles
Mastercard Partners With Ripple, Gemini to Test RLUSD Settlements
Mastercard teamed up with Ripple and Gemini to test stablecoin settlements for traditional credit card payments using the XRP Ledger. The initiative will deploy RLUSD, Ripple’s dollar-backed stablecoin regulated by New York’s Department of Financial Services, to process fiat transactions through WebBank, the companies said Wednesday. This marks a significant development where regulated U.S. banking infrastructure integrates with public blockcha…
XRP News: 21,595 New Wallets on XRP Ledger, What is Fueling This Growth?
Key Insights In the latest XRP news, 21,595 new XRP wallets were created in 48 hours, the highest in eight months. XRP Ledger reaches 100 million ledgers without missing a single one. Ripple partners with Mastercard, Gemini, and WebBank to test RLUSD stablecoin payments. Another XRP news making the rounds hinges on the XRP Ledger, which has added 21,595 new wallets in just two days, showing the fastest growth in eight months. Notably, the jump …
Mastercard Joins Ripple, Gemini to Test RLUSD on XRPL
Ripple has announced that it is collaborating with Mastercard, WebBank, and Gemini to explore the use of its RLUSD stablecoin on the XRP Ledger (XRPL). The initiative is designed to enable RLUSD to make blockchain-based payments between Mastercard and WebBank. Stablecoin Settlements to Go Mainstream Sherri Haymond, Mastercard’s Global Head of Digital Commercialization, said in a November 5 press release that the goal is to use its global network…
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