Ripple’s RLUSD to Power Mastercard Credit Card Settlements on XRP Ledger

Ripple is teaming up with Mastercard (MA), WebBank and crypto exchange Gemini (GEMI) to test using its RLUSD stablecoin to settle fiat credit card transactions over a public blockchain. The initiative, announced at Ripple’s Swell 2025 event on Wednesday, aims to show how regulated stablecoins can streamline traditional financial infrastructure without sacrificing compliance or safety. At the center of the project is the XRP Ledger (XRPL), a decentralized payments network, and RLUSD — a U.S. dollar-backed ...