Ripple Partners with Mastercard, WebBank, and Gemini to Pilot RLUSD Stablecoin for Faster Card Settlements

Ripple has announced a groundbreaking partnership with Mastercard, WebBank, and Gemini to introduce blockchain-based settlement using its RLUSD stablecoin. The initiative, revealed during Ripple Swell 2025, aims to integrate RLUSD into traditional fiat card payment systems, marking a significant step toward merging digital assets with mainstream financial infrastructure.

The collaboration will utilize Ripple’s RLUSD stablecoin on the XRP Ledger to power settlement for the Gemini Credit Card, issued by WebBank. The pilot seeks to improve the efficiency, transparency, and compliance of card settlements between Mastercard and WebBank. By leveraging blockchain technology, the partners intend to demonstrate how stablecoins can enhance existing payment systems without disrupting the user experience.

Ripple stated that the RLUSD pilot sets a new benchmark for institutional settlement by combining regulated digital assets with established financial networks. The initial phase focuses on onboarding RLUSD to Mastercard and WebBank’s settlement systems, pending regulatory approval. Mastercard emphasized that the collaboration aligns with its commitment to strong consumer protection and compliance while exploring open-loop stablecoin settlement.

Gemini highlighted that integrating RLUSD brings blockchain utility to everyday payments, showing how on-chain settlement can support real-world transactions beyond trading platforms. WebBank added that stablecoin settlement bridges blockchain technology with traditional banking, enhancing fund movement efficiency and reliability.

Ripple President Monica Long said the initiative showcases how RLUSD and the XRP Ledger can modernize global money movement, offering faster and more stable settlement processes. Ripple believes the pilot could pave the way for broader adoption of blockchain-powered payment systems as institutions increasingly embrace digital asset settlement.

With this collaboration, Ripple continues to strengthen its role in transforming the future of finance by integrating secure, regulated blockchain solutions into global payment networks.