TLDR
- Ripple’s RLUSD joins Mastercard for blockchain card settlements.
- Mastercard, Ripple team up to modernize digital payment rails.
- RLUSD powers fast, compliant settlements on the XRP Ledger.
- Ripple’s RLUSD bridges blockchain and traditional finance.
- WebBank, Gemini adopt RLUSD for real-time card transactions.
Ripple has joined forces with Mastercard, WebBank, and Gemini to introduce RLUSD-based settlement on the XRP Ledger (XRPL). The collaboration aims to streamline fiat card transaction settlements using RLUSD, a regulated U.S. dollar–backed stablecoin. This initiative seeks to merge blockchain efficiency with traditional payment systems, expanding Ripple’s footprint in institutional finance.
RLUSD Powers Blockchain Settlement for Card Transactions
The partnership introduces RLUSD on XRPL to enable seamless, blockchain-based settlement between Mastercard and WebBank, Gemini’s card issuer. This move allows RLUSD to function as a stable medium for real-time settlements, reducing costs and enhancing transaction speed. The process integrates Ripple’s technology with Mastercard’s global payment infrastructure, ensuring security and compliance throughout.
RLUSD, backed by cash and cash equivalents, operates under the New York Department of Financial Services’ Trust Charter. It currently holds over $1 billion in circulation, marking strong adoption across Ripple’s ecosystem. The partners expect to begin RLUSD onboarding within months, pending final regulatory approval.
This marks one of the first times a regulated U.S. bank will settle credit card transactions using a stablecoin on a public blockchain. Through RLUSD, Mastercard’s settlement operations can leverage blockchain transparency while maintaining compliance. The use of XRPL ensures fast, low-cost transactions for institutional participants.
Ripple Expands Its Institutional Blockchain Network
Ripple continues to position RLUSD as a central component in its enterprise payments network. The company’s blockchain, XRPL, serves as the foundation for this system, supporting fast and secure financial operations. Ripple aims to connect regulated institutions through RLUSD, enhancing settlement efficiency across global financial networks.
The collaboration with Mastercard and Gemini strengthens Ripple’s reputation as a blockchain innovator. By integrating RLUSD, Ripple demonstrates how digital assets can complement established payment systems. This partnership further extends Ripple’s reach into traditional banking through trusted partners such as WebBank.
RLUSD reinforces Ripple’s broader strategy to modernize cross-border payments. The asset’s stability and compliance profile make it suitable for large-scale, institutional applications. With Mastercard’s involvement, RLUSD gains access to one of the world’s most extensive financial networks.
Gemini and WebBank Strengthen Stablecoin Utility
Gemini and WebBank will integrate RLUSD within the Gemini Credit Card settlement process. This allows users to make purchases while backend settlements occur through Ripple’s blockchain network. The initiative connects real-world card activity with blockchain settlement layers in a secure and transparent way.
WebBank’s participation signals growing bank interest in regulated blockchain solutions. By using RLUSD, WebBank can execute faster settlements while maintaining regulatory oversight. The partnership aligns with the bank’s strategy to bridge digital innovation and traditional finance.
Gemini, known for its crypto credit cards, sees RLUSD as an essential step toward mainstream digital asset usage. The firm’s expansion of stablecoin capabilities through XRPL builds on its earlier XRP edition of the Gemini Card. Together, these efforts highlight how RLUSD continues to advance blockchain’s role in practical financial operations.
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