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06/11/25 04:25 UTC-04

Mastercard launches payments with traditional cards in the RLUSD stablecoin

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Other Mastercard launches payments with traditional cards in the RLUSD stablecoin

As highlighted in the companies’ joint statement, this will be one of the first instances where a regulated U.S. bank uses a regulated stablecoin on an open blockchain for fiat settlements.

“We are guided by a principled approach to stablecoins, robust consumer protection, a level playing field for all participants, and full compliance with regulatory requirements. This allows us to enable payments from traditional cards using stablecoins today, while exploring the potential of stablecoins for future use cases,” said Sherri Haymond, Executive Vice President of Digital Partnerships at Mastercard.

The statement notes that integration of RLUSD on the XRPL blockchain into Mastercard’s and WebBank’s existing settlement process will take place in the coming months.
The delay is related to the need to obtain regulatory approvals.

The RLUSD stablecoin was launched at the end of 2024, and its market capitalization now exceeds $1 billion.
In September, it was reported that the stablecoin entered the African market.

See also: "Ripple Secures $500 Million Strategic Investment from Wall Street Giants"

#Mastercard #RLUSD

Editor: Yuliya Soroka
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