TLDR

Ripple’s RLUSD stablecoin will settle payments between Mastercard and WebBank.
Mastercard aims to integrate RLUSD into its global payments network for faster settlements.
WebBank will facilitate RLUSD stablecoin integration with Gemini Credit Card transactions.
The initiative marks one of the first regulated stablecoin settlements in traditional card payments.

Ripple, Mastercard, WebBank, and Gemini are joining forces to explore the use of Ripple’s stablecoin, RLUSD, for settling fiat card transactions. The collaboration will leverage the XRP Ledger (XRPL) to facilitate blockchain-based settlement between Mastercard and WebBank, which issues the Gemini Credit Card. This initiative marks an important step in integrating stablecoins into traditional financial systems, paving the way for more efficient and compliant payment solutions.

Ripple’s Role in the Partnership

Ripple, known for providing blockchain-based payment solutions, has partnered with several financial institutions to bridge traditional finance and blockchain technology. The company’s stablecoin, RLUSD, which is backed by the U.S. dollar, will be used on the XRP Ledger (XRPL). 

This ledger has been designed to offer fast and secure payment solutions. The stablecoin settlement will enhance the efficiency of fiat payments, such as those made with the Gemini Credit Card, which is issued by WebBank.

“Financial institutions around the world are increasingly recognizing the value of blockchain and stablecoins in modernizing how money moves,” said Monica Long, President of Ripple. The partnership aims to simplify how financial institutions settle transactions using blockchain technology while adhering to regulatory compliance.

Mastercard’s Role in Stablecoin Integration

Mastercard, a leading global payment processor, will integrate RLUSD into its payments network. The company is known for its extensive global reach, and through this collaboration, Mastercard is testing the potential of stablecoins to streamline traditional payments. Mastercard is committed to supporting regulated digital assets, ensuring that any adoption of stablecoins aligns with strong consumer protections and regulatory standards.

“We’re using our global payments network to bring regulated, open-loop stablecoin payments into the financial mainstream,” said Sherri Haymond, Global Head of Digital Commercialization at Mastercard. By utilizing RLUSD on the XRPL, Mastercard aims to ensure that blockchain-based transactions are transparent, efficient, and compliant with current regulations.

WebBank and Gemini’s Role in the Settlement System

WebBank, which issues the Gemini Credit Card, is a critical part of the settlement process. The collaboration will explore how RLUSD can support efficient settlement of transactions between Mastercard and WebBank. WebBank’s involvement highlights the bank’s focus on connecting innovative blockchain solutions with traditional banking systems.

“Banks are uniquely positioned to bridge innovative blockchain technology with the stability of the traditional financial system,” said Jason Lloyd, President and CEO of WebBank. WebBank’s role will ensure that the blockchain-based settlement process is secure and meets the reliability standards that customers expect from traditional financial institutions.

Gemini, a well-established cryptocurrency exchange, will also play a significant role in this partnership. The Gemini Credit Card, which was introduced earlier this year with an XRP edition, is designed to integrate digital assets into everyday payments. Through this collaboration, Gemini will further demonstrate how stablecoins can be used for real-world transactions.

“Through the Gemini Credit Card, we’re advancing the way that digital assets are integrated into everyday spending,” said Dan Chen, Chief Financial Officer at Gemini. The goal is to enhance the payment experience for users while making the settlement process faster and more efficient.

Future of Stablecoin Payments

The collaboration between Ripple, Mastercard, WebBank, and Gemini represents a step forward in the use of stablecoins for mainstream payments. While RLUSD has already gained traction in the DeFi space and Ripple’s cross-border payment solutions, this new initiative will bring stablecoin payments closer to the traditional financial system. The companies will continue testing RLUSD’s integration with Mastercard and WebBank’s settlement systems, aiming for a smooth and compliant rollout.

This partnership also demonstrates how blockchain technology can be used to enhance payment processing without disrupting user experience. It remains to be seen how this project will evolve and whether other payment platforms will follow suit in adopting stablecoins for faster and more efficient transactions.

The post Ripple, Mastercard, and Gemini Partner to Enable RLUSD Stablecoin Settlement for Fiat Cards appeared first on CoinCentral.

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Filed under: News - @ November 5, 2025 6:35 pm