Haciyev Reşit 
A groundbreaking development has shaken the worlds of finance and blockchain Mastercard, Ripple, and Gemini have announced a collaboration to enable stablecoin-based card payments on the XRP Ledger (XRPL). This initiative marks one of the first projects where a regulated U.S. bank will process traditional card transactions using stablecoins on a public blockchain.
Ripple and Mastercard Form a Historic Alliance
As part of this strategic partnership, Ripple will leverage its Ripple USD (RLUSD) stablecoin to facilitate credit card payments directly on the XRPL network. In a joint statement, the companies declared:
“This initiative will be one of the first instances of a regulated U.S. bank conducting traditional card transactions using a regulated stablecoin on a public blockchain.”
This partnership represents a major milestone in integrating blockchain-based payment systems into everyday financial infrastructure and advancing institutional adoption of stablecoins. Ripple’s RLUSD stablecoin, backed by U.S. dollar reserves, enables instant, low-cost payments via the highly scalable XRPL network.
Gemini to Launch XRP-Backed Credit Card via WebBank
Another key partner, Gemini, will become one of the first crypto platforms to integrate XRPL-based payments into its credit card system. Gemini’s CFO, Dan Chen, stated:
“Through the Gemini Credit Card, we’re transforming how digital assets integrate into everyday spending. Our users will now experience seamless connectivity between blockchain-based payment infrastructure and traditional finance.”
WebBank, the issuer of the Gemini Credit Card, will also play a central role in the RLUSD-based settlement initiative. This integration ensures that credit card transactions are recorded on-chain, providing full transparency and instant settlement capabilities.
Mastercard Expands Its Digital Asset Strategy
In recent years, Mastercard has rapidly expanded its presence in the blockchain and digital asset ecosystem, pioneering innovations in crypto payments and blockchain-based financial services.
In June, Mastercard partnered with Chainlink to develop a solution that enables users to purchase crypto assets directly on-chain through a secure fiat-to-crypto conversion process. Now, with this latest collaboration involving Ripple and Gemini, Mastercard is deepening its integration with leading Web3 firms, aiming to strengthen its global role in blockchain-based settlements and identity verification systems.
Analysis
The partnership between Mastercard, Ripple, and Gemini marks a revolutionary step in integrating blockchain technology into real-world financial systems.
- Ripple is enhancing the XRPL’s institutional payments infrastructure through its RLUSD stablecoin.
- Gemini, via WebBank, is bridging Web3 and traditional finance with XRP-backed credit card integration.
- Mastercard is solidifying its leadership in digital assets, stablecoins, and blockchain identity solutions.
Experts view this collaboration as the foundation for a fully digital payment ecosystem, where fiat–stablecoin conversions occur instantly and transactions are transparently recorded on the blockchain signaling the next major phase in the evolution of global finance.
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