Ripple has joined forces with Mastercard, WebBank and Gemini to bring faster, safer payments using Ripple’s stablecoin, RLUSD. The announcement came at Ripple Swell 2025.
The plan will use the XRP Ledger, a public blockchain, to settle fiat card transactions in a quicker and more transparent way. In doing so, the project hopes to show how digital money can work with traditional payments. It will also help banks move funds faster while staying fully compliant with regulations.
Furthermore, the partnership will let Mastercard and WebBank use RLUSD to settle payments for the Gemini Credit Card. WebBank issues the card, and Ripple’s blockchain will handle the settlement process. Mastercard said the move reflects its focus on consumer safety and strong rules for stablecoins.
“Through our partnerships with Ripple, Gemini and WebBank, we’re using our global payments network to bring regulated, open-loop stablecoin payments into the financial mainstream,” said Sherri Haymond, Mastercard’s Global Head of Digital Commercialization. She added that the goal is to balance innovation with protection and compliance.
Meanwhile, Ripple’s president Monica Long said the partnership shows how stablecoins like RLUSD can help modernize payments. “This partnership is a meaningful step toward showcasing how regulated digital assets like RLUSD can enhance settlement,” she said.
Similarly, WebBank CEO Jason Lloyd said banks can link blockchain technology with traditional systems to make payments faster and more secure. In addition, Gemini’s CFO Dan Chen added that the credit card is helping digital assets become part of everyday spending.
RLUSD is a dollar-backed stablecoin approved by New York regulators. It is fully supported by cash and short-term reserves. Since its launch in 2024, it has grown to over $1 billion in circulation.
Moreover, the XRP Ledger helps RLUSD move quickly and at low cost. In the coming months, Ripple, Mastercard and WebBank plan to test RLUSD payments once they get approval from regulators.
That said, this teamwork shows how digital money and regular finance can work together to make payments faster and easier for everyone.
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