Ripple’s RLUSD to Power Mastercard Credit Card Settlements on XRP Ledger
Ripple has recently announced a pilot program in collaboration with Mastercard, WebBank, and crypto exchange Gemini to utilize its RLUSD stablecoin for settling credit card transactions through the XRP Ledger (XRPL). This initiative, revealed at Ripple’s Swell 2025 conference, aims to demonstrate how regulated stablecoins can enhance traditional payment systems while ensuring compliance and security. The RLUSD stablecoin, which is backed by cash and cash equivalents and operates under New York's Trust Charter, has exceeded $1 billion in circulation. The pilot will specifically test the potential of RLUSD for settling Mastercard transactions, marking a significant move as it could represent one of the first uses of a regulated stablecoin on a public blockchain by a U.S. bank. If successful, this effort could redefine the speed and efficiency of transactions, potentially reducing settlement times from days to near-instantaneous transfers.
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