Blockchain company Ripple has partnered with Mastercard to explore the use of the RLUSD stablecoin for settlements on credit cards, as per an official press release on November 5th, 2025.
The update comes as the company successfully raises a total of $500 million, giving it a $40 billion valuation, and after the RLUSD token successfully crossed a market capitalization of $1 billion.
Alongside Mastercard, the collaboration will also extend to Gemini and WebBank who will be collaborating with the blockchain solutions company to create stablecoin settlement capabilities for the Gemini Credit Card.
“Through our partnerships with Ripple, Gemini, and WebBank, we’re using our global payments network to bring regulated, open-loop stablecoin payments into the financial mainstream,” said Master Card Global Head Sherri Haymond.
“Guided by our commitment to consumer choice and a principled approach to stablecoins—one that emphasizes strong consumer protections, a level playing field, and full regulatory compliance—we’re enabling settlement today while exploring how stablecoins can support future use cases.”
The initiative was announced at Ripple Swell 2025. The company continues to maintain a bullish outlook on its prospects after close to a year of rolling out multiple partnerships in an effort to scale its offerings and integrate within traditional finance.