• Ripple collaborates with Mastercard, Gemini, and WebBank to pilot RLUSD stablecoin for credit card payments on XRP Ledger.
• The pilot aims to enhance traditional payment systems with blockchain, maintaining regulatory compliance.
• WebBank will explore using RLUSD to settle Mastercard transactions, marking a first for U.S. banks with stablecoins.

Ripple has announced a new partnership with Mastercard, Gemini, and WebBank to test using its RLUSD stablecoin to settle traditional credit card payments on the XRP Ledger (XRPL). This move aims to simplify financial infrastructure by integrating blockchain technology into the backend of everyday payment processes.

Pilot Project to Test RLUSD in Traditional Payment Systems

At Ripple’s Swell 2025 event, the pilot project was presented, which will show how regulated stablecoins can make payments and at the same time remain compliant and secure. Ripple’s RLUSD is a stablecoin pegged to the U.S. dollar, which waslaunched in December 2024 with a New York Department of Financial Services (NYDFS) charter. The cooperation is a big step towards using the blockchain for real-world payment solutions.

The XRP Ledger, an open-source blockchain mainly used for cross-border payments, is the undisputed feature of this project. By riding the XRP ledger, the company, along with its partners, aspires to the delivery of faster and better transaction processing to the payments industry. The placement of RLUSD on XRPL can optimize the clearance of traditional credit card transactions, thus forming a smooth transition of payments between fiat and crypto.

WebBank and Gemini to Test RLUSD for Credit Card Payments

WebBank, which issues the Gemini Credit Card, will play a key role in the pilot. The bank plans to explore using RLUSD to settle Mastercard transactions on the XRP Ledger. The move will integrate the stablecoin into Mastercard’s existing settlement systems, pending necessary regulatory approvals. This would mark one of the first instances of a U.S. bank settling credit card transactions using a stablecoin on a public blockchain.

The project has been developed to guarantee that the regulatory requirements are satisfied all the way through. Each partner has agreed to operate in accordance with the guidelines provided by the regulators, the NYDFS being one of them. Ripple’s main goal for the regulated stablecoin is to show that the blockchain can be a safe and compliant technology for financial transactions. 
This experiment indicates the possible use of stablecoins in the traditional financial systems. At the same time, it points out the ever-increasing influence of the blockchain in finance. Ripple, Mastercard, WebBank, and Gemini will keep evaluating the payment landscape after the progression of the project.