**Ripple Partners with Mastercard, Gemini, and WebBank to Launch RLUSD Stablecoin**
On November 5, during Ripple Swell 2025 in New York, the blockchain giant announced a partnership with Mastercard, WebBank, and Gemini to enable stablecoin settlement using Ripple USD (RLUSD) on the XRP Ledger (XRPL). This strategic move has the potential to reshape how fiat payments are settled worldwide.
### Details of the Ripple, Mastercard, Gemini, & WebBank Partnership
At the heart of this collaboration is Ripple’s dollar-backed stablecoin, RLUSD. The partnership aims to integrate RLUSD into Mastercard’s global payments network, leveraging the XRPL to process settlements between WebBank—the issuer of Gemini’s Credit Card—and Mastercard.
Ripple President Monica Long described the collaboration as a “meaningful step” toward modernizing the way money moves. By combining blockchain efficiency with Mastercard’s extensive reach and WebBank’s robust banking infrastructure, RLUSD could demonstrate how stablecoins can function securely within regulated financial systems.
### Why This Partnership Matters
This collaboration represents one of the first instances where a U.S. bank will use a regulated stablecoin to settle card transactions on a public blockchain. Mastercard’s Sherri Haymond highlighted that the company is testing how stablecoins can be integrated into mainstream finance through its global payments network—always prioritizing strong consumer protection and full regulatory compliance.
WebBank CEO Jason Lloyd emphasized that banks are uniquely positioned to bridge blockchain innovation with the reliability expected from traditional finance, making this partnership a significant development for the industry.
### Ripple’s Bigger Goal
Ripple’s ambitions extend well beyond this partnership. RLUSD, which is backed 1:1 by U.S. dollars and regulated by the New York Department of Financial Services (NYDFS), has surpassed $1 billion in circulation since 2024. It is increasingly being integrated into cross-border payments, decentralized finance (DeFi) platforms, and institutional finance.
With the stablecoin market in the U.S. currently valued at $305 billion and projected to grow to $4 trillion by 2030, collaborations like this one could drive transformative changes in cross-border payments and card settlement processes.
If successful, this initiative could mark a turning point where stablecoins like RLUSD quietly become the new backbone of everyday money settlement worldwide.
https://bitcoinethereumnews.com/tech/ripple-partners-with-mastercard-gemini-and-webbank-to-launch-rlusd-stablecoin-payments/