Ripple–Mastercard Pilot Taps XRP Ledger for Card Payments—Why a $20 Trillion Market Is in Focus

RLUSD maintains full 1:1 backing through cash and U.S. Treasury securities held in a New York Trust Company structure with third-party attestation. This matters to institutions because it eliminates the counterparty risk that caused algorithmic stablecoins like Terra's UST to collapse in 2022—banks won't touch unbacked stablecoins, but regulated reserve structures meet their compliance requirements.Ripple provides the infrastructure that makes on-chain settlement practical. It maintains the XRP Ledger's cor ...