US EditionRipple’s RLUSD to Power Mastercard Credit Card Settlements on XRP Ledger
The pilot uses the XRP Ledger and RLUSD stablecoin to enable near-instant credit card settlements, with RLUSD surpassing $1 billion in circulation, Ripple said.
- On Wednesday at Ripple's Swell 2025 event, Ripple announced a pilot to settle credit card transactions using RLUSD, a stablecoin introduced in December 2024, with Mastercard said to explore blockchain efficiency.
- Aiming to speed settlement, the pilot seeks to bring blockchain speed and efficiency into the back end of a payment flow consumers already know, Monica Long said.
- Under a New York Trust Charter, RLUSD, a U.S. dollar-backed stablecoin introduced November 2025, will be explored for Mastercard said settlement on Ripple's XRP Ledger .
- Mastercard said the project is part of its broader effort to integrate regulated digital assets into its global network and could model other card programs considering blockchain-based settlement.
- Prior ties between Gemini and Ripple include collaborating on an 'XRP edition' of the Gemini Credit Card earlier this year, and a CORRECTION dated Nov. 5 clarified the relationship between Ripple and XRP.
31 Articles
31 Articles
Ripple, Mastercard, and Gemini are joining forces around the RLUSD stablecoin to bridge the gap between traditional finance and cryptocurrencies. Read more
In a historic alliance, Mastercard, Ripple and Gemini are testing the direct settlement of card payments in the public blockchain of the XRP Ledger (XRPL). The initiative promises faster, cheaper and more transparent transactions, redefining the global payment system and marking a milestone in the integration between traditional banking and cryptocurrencies.
Ripple, Mastercard Team Up to Test Stablecoin Settlements on XRP
Global payments leader Mastercard is partnering with Gemini and Ripple to explore how RLUSD stablecoins can be used to settle traditional card payments on the XRP Ledger (XRPL). The companies announced the initiative on Wednesday, describing it as a first for regulated U.S.Visit Website
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
