"Mastercard Also Adopts RLUSD"...Ripple Stablecoin Payment Experiment, Financial Landscape Overturned

▲ RLUSD, Stablecoin/AI Generated Image

As Ripple collaborates with Mastercard to test a stablecoin-based payment system, the trend of XRP Ledger expanding into global financial infrastructure is accelerating.

According to a Bitcoinist report, Ripple is conducting a pilot project for card payment settlement using the RLUSD stablecoin, in collaboration with Mastercard, WebBank, and Gemini. In this structure, the XRP Ledger is utilized as the core settlement layer instead of the traditional interbank payment network.

RLUSD is a dollar-backed stablecoin that plays a role in facilitating fund movements during actual card payment processes. The goal is to convert the existing 1 to 3-day settlement process to a blockchain-based one, thereby simultaneously increasing speed and efficiency.

This experiment is regarded as one of the early instances where a regulated U.S. bank uses a public blockchain to process payments. The core is a structure where Gemini credit card transactions issued by WebBank are settled with RLUSD.

Mastercard stated its position, “Our goal is to expand existing payment systems through regulated stablecoins and connect the financial system with blockchain.” Ripple also emphasized that RLUSD and XRP Ledger can fundamentally improve the speed and cost structure of existing financial infrastructure.

This project goes beyond a simple technical test, carrying the symbolic significance of combining traditional finance and blockchain. As blockchain is directly connected to everyday financial activities like card payments, the scope of digital asset utilization is expanding into the actual payment sector.

Ripple plans to expand into the institutional payment market based on RLUSD, and the XRP Ledger is playing a key infrastructure role in this trend.

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