- Ripple reaches a $40 billion valuation following the launch of the RLUSD stablecoin.
- Ripple partners with Mastercard, Gemini, and WebBank to integrate blockchain settlements with traditional credit card payments.
- The RLUSD stablecoin operates on the XRP Ledger, enabling faster fiat payment settlements.
- WebBank issues the Gemini Credit Card, settling Mastercard transactions using RLUSD on the blockchain.
- This collaboration marks an early use of a regulated U.S. bank settling card payments via a public blockchain.
Ripple has attained a $40 billion valuation after launching its RLUSD stablecoin and securing strategic partnerships with Mastercard, Gemini, and WebBank. These developments were announced during the Ripple Swell 2025 conference. The RLUSD joins the XRP Ledger to enable quicker settlements of fiat payments on blockchain.
The valuation boost followed a $500 million funding round led by Citadel Securities and Fortress Investment Group, among others, supporting the RLUSD launch. The new stablecoin enables WebBank, the issuer of the Gemini Credit Card, to settle Mastercard transactions on the XRP Ledger through blockchain technology.
This initiative combines blockchain with existing payment infrastructures, allowing stablecoin settlements for traditional credit card transactions. Brad Garlinghouse, CEO of Ripple, described this progress as “the cherry on top of a mountain of good news”. Meanwhile, Sherri Haymond, Global Head of Digital Commercialization at Mastercard, commented on the partnership’s goal to introduce regulated, open-loop stablecoin payments responsibly and compliantly.
The integration with Gemini involves the Gemini Credit Card, illustrating the practical use of RLUSD in consumer spending. This step represents one of the first occasions where a regulated U.S. bank settles card payments using a stablecoin on a public blockchain. According to Jason Lloyd, President and CEO of WebBank, this collaboration explores stablecoins’ potential to enhance payment speed and efficiency while preserving security.
Additionally, Dan Chen, CFO of Gemini, noted that the partnership advances digital asset usage in daily transactions by demonstrating stablecoin settlement on an active card program.
These efforts collectively signal a new phase in integrating blockchain technologies with traditional finance for payment settlements.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
