Ripple Teams With Mastercard, Gemini to Use RLUSD to Settle Credit Card Transactions

Ripple is joining with Mastercard, WebBank, and Gemini to explore the use of its dollar-backed RLUSD stablecoin in settlement of fiat credit card transactions on the XRP Ledger, the firm announced on Wednesday.  Pending regulatory approvals, the partners aim to kickstart RLUSD onboarding in the coming months, followed by integration planning within the settlement processes of Mastercard and WebBank, the issuer of the Gemini Credit Card.  "Regulatory approval is a key part of this effort, and it’s something ...