Ripple, together with Mastercard, WebBank, and Gemini, has launched a project to test the use of the Ripple USD (RLUSD) stablecoin for credit card payments.
Ripple, a leading provider of institutional-grade blockchain solutions, announced its partnership with global payment network Mastercard, U.S.-based digital bank and credit product issuer WebBank, and crypto exchange Gemini. The collaboration aims to integrate the RLUSD dollar-pegged stablecoin into card payment processing.
The initiative focuses on leveraging the public blockchain XRP Ledger (XRPL) to enable fast and low-cost fiat transactions, as well as to showcase the practical use of regulated digital assets within traditional payment systems.
According to Ripple’s statement, WebBank will test settlements for conventional card transactions using the licensed stablecoin. Mastercard will provide the network infrastructure for the trials, while Gemini will integrate the solution into its existing Gemini Credit Card program, which previously offered a card supporting XRP.
Sherri Haymond, Global Head of Digital Commercialization at Mastercard, said the company aims to integrate regulated stablecoins into mainstream payment flows while maintaining high consumer protection and full regulatory compliance. WebBank President and CEO Jason Lloyd noted that the project allows banks to combine the reliability of traditional settlement systems with the advantages of blockchain technology. Gemini CFO Dan Chen emphasized that this initiative is a practical demonstration of how stablecoin payments can be implemented in real consumer transactions.
Ripple President Monica Long stated that the partnership demonstrates how regulated digital assets like RLUSD can improve the efficiency and transparency of settlements, paving the way for large-scale adoption of stablecoins in payment programs.
RLUSD, launched under a license from the New York State Department of Financial Services (NYDFS) at the end of 2024, surpassed $1 billion in circulation, according to Ripple.
Mastercard and WebBank plan to begin integrating RLUSD into existing systems in the coming months, pending regulatory approvals.
Ripple continues to expand its presence across multiple regions, including the U.S., Spain, the UAE, and Africa’s digital asset markets. The company is also enhancing XRP Ledger-based services and integrating institutional DeFi solutions into its ecosystem.
