Mastercard, Ripple, and Gemini Launch Stablecoin Card Settlements: A First for US Banks

A groundbreaking partnership between Mastercard, Ripple, and Gemini is testing the waters for stablecoin transactions using Ripple’s RLUSD on the XRP Ledger. The pilot program, which involves several U.S. banks, could revolutionize how credit card payments are settled in traditional finance systems. This initiative marks a significant step towards integrating blockchain technology into mainstream banking while potentially shaping regulatory landscapes and opening doors to new financial products.