Ripple has made one of the biggest moves ever to bring blockchain into everyday finance. On November 5th, during Ripple Swell 2025 in New York, the blockchain giant announced a partnership with Mastercard, Webbank, and Gemini to enable stablecoin payments using Ripple USD (RLUSD) on the XRP Ledger (XRPL). This move could change the way fiat payments are made around the world.
Ripple, Mastercard, Gemini, WebBank partnership details
At the heart of this collaboration is Ripple’s dollar-backed stablecoin, RLUSD. The partnership aims to introduce RLUSD into Mastercard’s global payments network, using XRPL to process payments between Gemini credit card issuer WebBank and Mastercard.
This means that transactions made using Gemini credit cards may soon be settled via Ripple’s stablecoin rather than traditional bank rails.
Meanwhile, Ripple President Monica Long called the partnership a “meaningful step” toward modernizing the way money moves. By combining the efficiency of blockchain with Mastercard’s reach and WebBank’s banking infrastructure, RLUSD will be able to demonstrate how stablecoins can safely operate within a regulated financial system.
Why is this partnership important?
The partnership is one of the first times a U.S. bank will use a regulated stablecoin to settle card transactions on a public blockchain.
Mastercard’s Shelley Haymond noted that the company is using its global payments network to test how stablecoins can become part of mainstream finance, but always with strong consumer protections and full regulatory oversight.
Jason Lloyd, CEO of Webbank, added that banks are in the best position to marry blockchain innovation with the trust people expect from traditional finance.
Ripple’s bigger goals
Ripple’s ambitions extend beyond this partnership. RLUSD is already backed 1:1 with the US dollar, is regulated by the NYDFS, and has over $1 billion in circulation since 2024. It is currently integrated into cross-border payments, DeFi platforms, and institutional finance.
Given the rapid growth of the stablecoin market, currently valued at $305 billion in the US and projected to reach $4 trillion by 2030, such a partnership could represent a major change in the cross-border payments and card payments landscape.
If this experiment is successful, it could mark a tipping point where stablecoins like RLUSD quietly become the new backbone of the world’s daily payment methods.
Trust CoinPedia:
CoinPedia has been providing accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by an expert panel of analysts and journalists following strict editorial guidelines based on EEAT (Experience, Expertise, Authority, and Trustworthiness). All articles are fact-checked against trusted sources to ensure accuracy, transparency, and authenticity. Our review policy ensures unbiased evaluations when recommending exchanges, platforms, and tools. We strive to provide timely and up-to-date information on everything cryptocurrencies and blockchain, from startups to industry giants.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making any investment decisions. Neither the author nor the publication is responsible for your financial choices.
Sponsors and advertising:
Sponsored content and affiliate links may appear on our site. Ads are clearly marked and our editorial content is completely independent of our advertising partners.