The partnership aims to enable payments using the Ripple USD (RLUSD) stablecoin for Mastercard and WebBank payments.
Ripple has announced that it is collaborating with Mastercard, Webbank, and Gemini to explore the use of the RLUSD stablecoin on the XRP Ledger (XRPL).
The initiative aims to enable RLUSD to make blockchain-based payments between Mastercard and WebBank.
Stablecoin payments become mainstream
Shelley Haymond, Mastercard’s global head of digital commercialization, said in a Nov. 5 press release that the goal is to leverage the company’s global network to bring regulated stablecoin payments into the financial mainstream.
“Guided by our commitment to consumer choice and a principled approach to stablecoins that emphasizes strong consumer protections, a level playing field, and full regulatory compliance, we are enabling payments today while exploring how stablecoins can support future use cases,” she said.
If implemented, it would be one of the first collaborations in which regulated US banks use regulated stablecoins on public blockchains to settle traditional card transactions. This effort also expands on Ripple’s existing work with Gemini and WebBank on its Gemini credit card, which launched its XRP edition earlier this year.
WebBank President and CEO Jason Lloyd said banks are well-positioned to integrate blockchain technology with traditional financial systems. He explained that the partnership will allow the company to explore ways that stablecoins can facilitate institutional payments faster and more efficiently, while maintaining the security customers expect.
Plan remains subject to regulatory approval
The group plans to begin initial onboarding of RLUSD on XRPL in the coming months, after receiving the necessary regulatory green light, and begin plans for integration within existing Mastercard and WebBank remittance systems.
Ripple highlighted how XRPL’s low cost, fast processing, and 10 years of reliable performance provide a reliable foundation for digital transactions. On the other hand, XRP also helps secure the network and supports efficient trading as new assets such as RLUSD grow in use.
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This announcement comes amid a continued increase in network activity on the XRP Ledger. Average daily transactions in Q3 2025 increased by 8.9% from 1.6 million in Q2 to 1.8 million in Q3. The total number of addresses on the network also increased by 6.1% to 6.9 million. RLUSD has also surpassed the $1 billion market cap according to CoinGecko data, more than doubling in just three months from $400 million in August.
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