Table of Contents
Ripple will work with Mastercard, WebBank, and Gemini to settle credit card transactions using RLUSD on the XRP Ledger. CoinDesk reported pilot, saying the program was unveiled at Ripple’s Swell 2025 and could be among the first times a U.S. bank settles fiat card payments with a regulated stablecoin on a public chain. The firms aim to cut settlement time and improve transparency for issuers and merchants.
DL News confirmed partnership, adding that WebBank, issuer of the Gemini Credit Card, would handle settlement while Mastercard connects network rails. The plan links a consumer card flow to on-chain cash movement, which is key for future tokenized assets, including real-estate funds that need fast subscriptions and redemptions. Initial onboarding will depend on regulatory approvals in the coming months.
Ripple’s RLUSD is a dollar-backed stablecoin issued on the XRP Ledger and Ethereum. Ripple describes stablecoin as fully reserved with cash and cash equivalents, designed for institutional payments and treasury use. If the pilot works, RLUSD could serve as the “cash leg” for tokenized securities and property products, helping cut back-office costs and reducing settlement risk for asset managers and marketplaces.
“The goal is to bring blockchain speed and efficiency into the back-end of a payment flow consumers already know—swiping a credit card,” said Monica Long, President of Ripple, as CoinDesk quoted remark. For real-estate tokenization teams, card-network settlement with a regulated stablecoin could pave the way for 24/7 primary sales and secondary trading of property-backed tokens once compliance rules are met.
