Mastercard joins Ripple and Gemini to test RLUSD on XRPL

The partnership aims to enable settlements using the stablecoin Ripple USD (RLUSD) for Mastercard and WebBank payments.

Ripple announced that it is collaborating with Mastercard, WebBank and Gemini to explore the use of its stablecoin RLUSD on the XRP Ledger (XRPL).

The initiative is designed to enable RLUSD to make blockchain-based payments between Mastercard and WebBank.

Stablecoin regulations will become widespread

Sherri Haymond, Mastercard’s global head of digital marketing, said in a Nov. 5 press release that the goal was to use its global network to help bring regulated stablecoin payments into the financial mainstream.

“Guided by our commitment to consumer choice and a principles-based approach to stablecoins, which emphasize strong consumer protections, a level playing field and full regulatory compliance, we are enabling settlement today while exploring how stablecoins can support future use cases,” she noted.

Once implemented, this will be one of the first collaborations where a regulated U.S. bank allows traditional card transactions using a regulated stablecoin on a public blockchain. This effort also expands Ripple’s existing work with Gemini and WebBank on the Gemini Credit Card, which launched an XRP edition earlier this year.

WebBank President and CEO Jason Lloyd said banks are well-positioned to integrate blockchain technology into the traditional financial system. He explained that the collaboration allows their company to explore how stablecoins can facilitate faster and more efficient institutional payments while maintaining the security expected by customers.

Plans remain subject to regulatory approval

In the coming months, the group will begin the initial integration of RLUSD on XRPL after receiving the necessary regulatory green light and begin planning for integration within the existing Mastercard and WebBank remittance systems.

Ripple highlighted how XRPL’s low costs, fast processing, and a decade of reliable performance provide a reliable foundation for digital transactions. On the other hand, XRP also helps secure the network and supports efficient transactions as new assets, such as RLUSD, expand their use.

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The announcement comes as the XRP Ledger continues to show growth in network activity. During the third quarter of 2025, average daily transactions increased by 8.9%, from 1.6 million in the second quarter to 1.8 million in the third quarter. The total number of addresses on the network also increased by 6.1% to 6.9 million. RLUSD also surpassed a market cap of $1 billion according to CoinGecko data, more than doubling in just three months after rising $400 million in August.