Ripple has revealed a new collaboration with Mastercard, WebBank, and Gemini. The move is to introduce RLUSD stablecoin settlement on the customary fiat card payments. The move introduces blockchain-based settlement to a familiar payment product used by mainstream consumers.
RLUSD Pilot Targets Faster, Compliant Card Settlement
According to the official statement, the collaboration will use Ripple’s RLUSD stablecoin on the XRP Ledger. It will also support settlement for the Gemini Credit Card.
The update was revealed during Ripple Swell 2025. Ripple said the initiative sets a new standard for institutional settlement by combining regulated digital assets with established financial infrastructure.
The companies will explore how RLUSD can settle transactions between Mastercard and WebBank, which issues the Gemini Credit Card. Ripple said the project aims to make settlement faster, more transparent, and fully compliant.
The partners want to show that stablecoins can improve traditional payment flows without disrupting user experience. Early work will focus on onboarding RLUSD to Mastercard and WebBank settlement systems. This phase still requires regulatory clearance.
Mastercard said the collaboration reflects its approach to regulated digital assets. The company noted that strong consumer protection and clear compliance remain central to every stablecoin integration.
Mastercard said this partnership helps it test open-loop stablecoin settlement while maintaining the same safety standards used across its global network. The latest move follows a period of rapid momentum for Ripple. The company just secured $500 million in funding after a year of record growth.
WebBank said banks can help connect blockchain technology with traditional finance. The bank believes stablecoin settlement can help institutions move funds more efficiently while preserving reliability. WebBank added that this collaboration allows it to explore the next stage of digital settlement with trusted partners.
Institutions Embrace RLUSD as Ripple Expands Settlement Vision
Gemini said the credit card already introduces many users to digital assets through everyday spending. The company believes adding RLUSD settlement shows how blockchain can support real payments instead of staying limited to trading platforms. Gemini also said the goal is to link consumer transactions to efficient on-chain settlement without changing how cardholders shop.
Ripple President Monica Long said global institutions are now recognizing the value of blockchain-based settlement. She added that RLUSD and the XRP Ledger can help modernize how money moves across financial systems. This is a theme reflected in Ripple’s recent large-scale treasury movements.
The president of Ripple added that this partnership demonstrates how regulated digital assets can improve speed and stability for card settlement programs. Ripple highlighted that the XRP Ledger offers fast processing and low fees, making it suitable for institutional payment systems.
Ripple said it is likely that the partnership will encourage more card programs to test stablecoin settlement. The company believes the industry is moving toward faster and more transparent payments.
