RLUSD News: Ripple, Mastercard, Gemini Partner on Stablecoin Deal

RLUSD News: Ripple, Mastercard, and Gemini Unite for Stablecoin Deal

In the latest RLUSD news, Ripple has joined hands with Mastercard and Gemini to leverage its stablecoin for credit card and settlements on the XRP Ledger. With this strategic alliance, Ripple intends to highlight that regulated stablecoins like RLUSD transform traditional financial infrastructure by streamlining processes, reducing friction, and maintaining rigorous compliance and safety standards.

RLUSD News: Ripple, Mastercard, and Gemini Join Hands

Ripple has announced its strategic stablecoin deal with Mastercard and Gemini, sparking widespread attention. At Ripple Swell 2025 in New York, the team publicized the deal, which intends to streamline card transactions, reducing processing times and friction by utilizing the XRP Ledger’s RLUSD.

Notably, this initiative leverages RLUSD on the XRP Ledger to enable blockchain-based settlements between Mastercard and WebBank, the issuer of the Gemini Credit Card, promoting faster and more efficient transactions. If successful, it would serve as a proof of concept for regulated US banks using public blockchain technology and stablecoins to settle traditional card payments.

In the short term, the partners will first concentrate on bringing RLUSD to market once they have gotten regulatory approvals. At the same time, they will engage in planning for how best to integrate this into Mastercard and WebBank's existing settlement systems.

Ripple President Monica Long stated,

“Financial institutions around the world are increasingly recognizing the value of blockchain and stablecoins in modernizing how money moves. This partnership is a meaningful step toward showcasing how regulated digital assets can enhance settlement, paving the way for other card programs to adopt stablecoins for faster, compliant payments. The XRPL will serve as the backbone for these and other institutional use cases that are transforming how financial services operate.”

Faster Settlements at Lower Cost

Significantly, the experiment has the chance to swap out the old-fashioned settlement way with a new and more efficient one. By leveraging the stablecoin, transactions could be settled nearly instantly, eliminating the current 1-3 day waiting period for credit card transactions to clear, and reducing costs associated with traditional settlement methods.

“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,” noted Sherri Haymond, Global Head of Digital Commercialization at Mastercard. Haymond added,

“Guided by our commitment to consumer choice and a principled approach to stablecoins—one that emphasizes strong consumer protections, a level playing field, and full regulatory compliance—we’re enabling settlement today while exploring how stablecoins can support future use cases.”

It is noteworthy that this RLUSD news builds on the previous collaboration involving Ripple, Gemini, and WebBank. They had worked together to integrate digital assets into traditional banking products. It also aligns with Mastercard's initiative to modernize its network using compliant blockchain solutions. The significance of this tie-up lies in its potential to reassure banks that regulated card brands are willing to explore public chain settlements, provided that assets, issuers, and participants adhere to compliance standards.