Essential Insights
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Strategic Collaboration: Ripple partners with Mastercard, WebBank, and Gemini to introduce the Ripple USD (RLUSD) stablecoin for seamless blockchain payments.
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Mainstream Adoption Goals: Mastercard aims to integrate regulated stablecoin payments into the financial system, emphasizing consumer protections and regulatory compliance.
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Innovative Settlements: The initiative represents one of the first instances of a U.S. bank using a regulated stablecoin for traditional card transactions on a public blockchain.
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Regulatory Path Ahead: Initial onboarding of RLUSD on the XRP Ledger (XRPL) will commence following regulatory approval, leveraging XRPL’s efficient and cost-effective transaction capabilities.
Mastercard Joins Ripple, Gemini to Test RLUSD on XRPL
Mastercard has announced a groundbreaking collaboration with Ripple, WebBank, and Gemini to test its Ripple USD (RLUSD) stablecoin on the XRP Ledger (XRPL). This partnership aims to enhance blockchain-based payment capabilities among these financial leaders.
In a press release dated November 5, Sherri Haymond, Mastercard’s Global Head of Digital Commercialization, emphasized the goal of integrating regulated stablecoin payments into mainstream finance. She stated, “Guided by our commitment to consumer choice and a principled approach to stablecoins, we’re enabling settlement today while exploring future use cases.”
This initiative stands out because it will be among the first instances where a regulated U.S. bank processes traditional card transactions using a stablecoin on a public blockchain. This evolution builds on existing partnerships, particularly between Ripple and Gemini, who recently introduced an XRP edition of the Gemini Credit Card.
WebBank President Jason Lloyd noted that banks hold a unique position to blend blockchain technology with traditional finance. He expressed enthusiasm for how stablecoins like RLUSD could streamline institutional payments while enhancing security for users.
As the group prepares for the initial onboarding of RLUSD on the XRPL, they await the necessary regulatory approvals. Their integration plans will align with existing Mastercard and WebBank remittance systems.
Ripple highlighted several advantages of the XRPL, including low costs and swift transaction processing. These features solidify XRPL as a reliable platform for digital transactions, especially as new assets like RLUSD expand their usage.
Recent data indicates a surge in activity on the XRP Ledger, with a notable 8.9% increase in average daily transactions in the third quarter of 2025. The number of addresses on the network also grew, reaching 6.9 million. Meanwhile, RLUSD’s market capitalization has soared, surpassing $1 billion, more than doubling since August.
Overall, this collaboration signals a significant step toward integrating modern digital currencies into the established financial landscape.
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