Ripple’s RLUSD to Power Mastercard Credit Card Settlements on XRP Ledger

Ripple, in collaboration with Mastercard, WebBank, and Gemini, is piloting the use of its RLUSD stablecoin for settling fiat credit card transactions on the XRP Ledger. Revealed at Ripple's Swell 2025 event, this initiative aims to demonstrate how regulated stablecoins can enhance traditional financial systems while maintaining compliance. The RLUSD, regulated under a New York Trust Charter and backed by cash equivalents, has surpassed $1 billion in circulation. WebBank, the issuer of the Gemini Credit Card, will test RLUSD transactions to potentially revolutionize settlement processes that currently take one to three days. This pilot could lead the way for regulated U.S. banks to adopt stablecoins for public blockchain settlements, providing instant fund transfers, particularly across borders. The project aligns with Mastercard's broader strategy to integrate regulated digital assets into its global network, and reflects the ongoing collaboration between Ripple and Gemini, highlighted earlier this year through the launch of an 'XRP edition' credit card.

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