Ripple is partnering with Mastercard, WebBank, and Gemini to test the RLUSD stablecoin for settling fiat card payments on the XRP Ledger (XRPL). This initiative aims to bridge traditional finance with blockchain, enabling secure, regulated on-chain settlements for credit card transactions like those from the Gemini XRP Credit Card, potentially revolutionizing mainstream payments.
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Ripple’s RLUSD stablecoin will facilitate on-chain settlements for fiat credit card payments, starting with the Gemini XRP Credit Card.
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The partnership involves Mastercard’s global payments network, WebBank as the issuer, and Gemini for integration, testing XRPL’s efficiency.
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RLUSD has reached a total supply of $2 billion, processing up to 1,500 transactions per second on XRPL at low costs, with full regulatory compliance.
Discover how Ripple’s RLUSD stablecoin partnership with Mastercard enables blockchain settlements for card payments. Learn about this crypto innovation—explore now for insights on future finance.
What is Ripple’s RLUSD Stablecoin Partnership with Mastercard?
Ripple’s RLUSD stablecoin is set to be tested for settling fiat card payments through a collaboration with Mastercard, WebBank, and Gemini on the XRP Ledger (XRPL). This initiative marks a significant step in integrating blockchain technology with traditional financial systems, allowing for efficient on-chain settlements of credit card transactions. Starting with the Gemini XRP Credit Card, the partnership aims to demonstrate RLUSD’s potential as a secure, regulated settlement layer for mainstream payments.
How Will This Partnership Test XRPL for Mainstream Payments?
The collaboration will enable on-chain settlements for transfers between Mastercard and WebBank, the issuer of the Gemini credit card, leveraging XRPL’s high-speed capabilities. Ripple plans to introduce RLUSD settlement specifically for fiat credit card payments, setting a benchmark for institutional adoption. This test comes after recent developments in regulated banking and blockchain integration, such as the preliminary approval for crypto-friendly entities like Erebor Bank.
Expert insights highlight the transformative potential: “Through our partnerships with Ripple, Gemini, and WebBank, we’re using our global payments network to bring regulated, open-loop stablecoin payments into the financial mainstream,” said Sherri Haymond, Global Head of Digital Commercialization at Mastercard. Mastercard emphasizes that stablecoins like RLUSD can provide a high-security settlement layer with full regulatory compliance, addressing key challenges in traditional payment processing.
The Gemini Credit Card’s XRP edition already serves as a model for blending digital assets with conventional platforms, and this initiative will be the first to link a regulated US bank with an on-chain settlement layer. XRPL, known for processing up to 1,500 transactions per second at minimal costs, is positioned to handle real-world credit card loads for the first time. According to Monica Long, President of Ripple, regulated stablecoins like RLUSD can enhance settlement efficiency, paving the way for broader card program integrations and expanding XRPL’s role as an institutional settlement layer.
RLUSD’s total supply has grown conservatively to $2 billion, reflecting a focus on stability amid a competitive stablecoin market dominated by assets like USDT and USDC. The onboarding process will require additional regulatory approvals, after which partners will integrate settlement processes across all counterparties. This structured approach ensures compliance and scalability, drawing on XRPL’s proven retail transaction handling—currently around 20,000 daily active users and 7,000 daily active wallets in November.
Frequently Asked Questions
What Does Ripple’s Partnership with Mastercard Mean for RLUSD Adoption?
Ripple’s partnership with Mastercard, WebBank, and Gemini will test RLUSD for settling fiat card payments on XRPL, starting with the Gemini XRP Credit Card. This could accelerate RLUSD’s adoption by demonstrating its utility in mainstream finance, bridging banks and blockchain for faster, secure transactions while maintaining regulatory standards. The initiative builds on XRPL’s efficiency, potentially influencing other card programs.
Is XRPL Ready for Institutional Credit Card Settlements?
Yes, the XRP Ledger is well-prepared for institutional credit card settlements through this RLUSD test. With capabilities for 1,500 transactions per second at low costs and full regulatory compliance, XRPL can serve as a reliable settlement layer. As Jason Lloyd, President and CEO of WebBank, noted, “Banks are uniquely positioned to bridge innovative blockchain technology with the stability of the traditional financial system,” making this a practical step forward.
Key Takeaways
- Blockchain Meets Traditional Finance: Ripple’s RLUSD partnership with Mastercard enables on-chain settlements for fiat card payments, integrating XRPL into everyday transactions like the Gemini XRP Credit Card.
- Regulatory Focus Ensures Stability: With a $2 billion supply and compliance measures, RLUSD positions itself as a secure alternative in the stablecoin space, growing conservatively compared to larger competitors.
- Future Expansion Potential: Successful testing could expand XRPL’s role beyond retail to institutional use, encouraging more banks to adopt blockchain for efficient global payments.
Conclusion
Ripple’s RLUSD stablecoin partnership with Mastercard represents a pivotal advancement in merging blockchain settlement layers with traditional fiat card payments on the XRP Ledger. By collaborating with WebBank and Gemini, this initiative underscores XRPL’s readiness for mainstream adoption, supported by its high transaction speeds and regulatory compliance. As Monica Long of Ripple stated, such developments pave the way for enhanced settlement processes across card programs. Looking ahead, this could solidify Ripple’s position in global payments, fostering greater innovation in the crypto-financial ecosystem—stay informed on these evolving trends.
Ripple Swell: We’re collaborating with Mastercard, WebBank, and Gemini to introduce $RLUSD settlement on the XRP Ledger for fiat credit card payments, starting with the Gemini XRP Credit Card:
This initiative sets a new benchmark for institutional… pic.twitter.com/7UVhCTfuo0
— Ripple (@Ripple) November 5, 2025
Ripple’s native asset XRP remains a top performer in the crypto market, recovering to $2.31 after recent volatility. While XRPL has primarily handled retail transfers, this partnership aims to extend its influence to institutional levels, competing with established stablecoins like USDT and USDC in settlement applications.
