Breaking: Ripple, Mastercard, Gemini Partner to Enable RLUSD Stablecoin Settlement for Fiat Cards

Ripple has revealed a new collaboration with Mastercard, WebBank, and Gemini. The move is to introduce 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.