TLDR
- Ripple’s RLUSD stablecoin will streamline card payments through blockchain technology.
- Mastercard and WebBank partner with Ripple to enhance fiat card settlements.
- Gemini Credit Card transactions to settle using RLUSD stablecoin via XRPL.
- RLUSD stablecoin offers secure, fast, and compliant payment settlement options.
Ripple has teamed up with Mastercard, WebBank, and Gemini to advance the use of its stablecoin, RLUSD, for settlement of fiat card transactions. This collaboration aims to streamline the settlement process for the Gemini Credit Card by utilizing Ripple’s stablecoin, RLUSD, on the XRP Ledger (XRPL). The goal is to improve the speed, transparency, and efficiency of traditional fiat payment systems through blockchain technology.
Partnership Overview
Ripple, a leader in blockchain technology for finance, announced its partnership with Mastercard, WebBank, and Gemini on November 5, 2025, during the Ripple Swell 2025 conference. The initiative will explore the potential of using RLUSD, a U.S. dollar-backed stablecoin, to settle fiat-based transactions on the Gemini Credit Card.
This marks one of the first efforts to integrate a regulated stablecoin into the traditional card payment system for mainstream consumers.
Mastercard’s Sherri Haymond emphasized the importance of this collaboration, stating, “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.” The project’s key focus is to maintain regulatory compliance and consumer protection while enhancing settlement processes.
Stablecoin Settlement with Traditional Payment Systems
The primary aim of the collaboration is to use RLUSD on the XRP Ledger to settle transactions between Mastercard and WebBank, the issuer of the Gemini Credit Card. Ripple’s RLUSD will offer a blockchain-based solution to facilitate quicker and more efficient settlement compared to traditional methods. The project is designed to be fully compliant with U.S. regulatory standards, and it seeks to provide a transparent, low-cost alternative for payment processing.
This use of blockchain technology aims to enhance existing payment systems, offering an improved settlement process without disrupting the consumer experience. “Through the Gemini Credit Card, we’re advancing the way that digital assets are integrated into everyday spending,” said Dan Chen, CFO at Gemini, adding that stablecoin settlement will connect blockchain innovation to real-world consumer transactions.
RLUSD and the XRP Ledger as the Foundation
RLUSD is a stablecoin fully backed by cash and cash-equivalent reserves, issued under the New York Department of Financial Services (NYDFS) Trust Company Charter. Ripple has leveraged RLUSD as part of its broader strategy to bridge the gap between traditional finance and blockchain-based solutions. The XRP Ledger, known for its fast transaction times and low costs, will act as the foundation for this new payment approach.
According to Monica Long, President of Ripple, the collaboration represents a significant step in integrating regulated digital assets like RLUSD into traditional financial systems. She explained, “This partnership is a meaningful step toward showcasing how regulated digital assets like RLUSD can enhance settlement, paving the way for other card programs to adopt stablecoins for faster, compliant payments.”
A New Era for Digital Payments
The collaboration also signals the increasing acceptance of stablecoins and blockchain in the broader financial industry. By using RLUSD on the XRP Ledger, the project will serve as a model for integrating digital assets into established financial systems.
WebBank’s Jason Lloyd highlighted the role of banks in connecting blockchain technology with traditional financial systems, saying that this partnership could lead to faster, more efficient institutional payments.
As the project progresses, the partners will begin integrating RLUSD into Mastercard’s and WebBank’s settlement processes, pending necessary regulatory approvals. This could mark a significant change in how digital assets and stablecoins are used for everyday financial transactions, making them more accessible and secure for a global audience.
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