Ripple’s RLUSD to Power Mastercard Credit Card Settlements on XRP Ledger

Ripple announced a pilot program at Swell 2025, partnering with Mastercard, WebBank, and Gemini, to test settling fiat credit card transactions using Ripple's regulated stablecoin, RLUSD, on the XRP Ledger (XRPL). RLUSD, a U.S. dollar-backed stablecoin launched in December 2024, is fully backed by cash and equivalents. The pilot involves WebBank, the issuer of the Gemini Credit Card, exploring the settlement of Mastercard transactions via RLUSD on the XRPL, which could become a model for blockchain-based settlement if successful and pending regulatory approval. Ripple's president, Monica Long, stated the goal is to integrate blockchain speed into existing payment flows, potentially replacing slower, multi-day settlement rails with near-instantaneous stablecoin transfers.

(Source：CoinDesk)