Payments giant Mastercard has partnered with Ripple and Gemini to explore the possibility of settling traditional card transactions using regulated stablecoins.
The initiative will use RLUSD stablecoins on the XRPL blockchain.
If successful, this collaboration would be one of the first instances of a regulated US bank settling standard card payments via a regulated stablecoin on a public blockchain.
This move signals a growing convergence between traditional financial systems and digital asset infrastructure, with the goal of achieving greater efficiency and new use cases in payment settlement.