Mastercard Weighs RLUSD Settlement On XRP Ledger, Exec Says
Mastercard is exploring a path to settle card flows in Ripple USD (RLUSD) through its network in a move that could bring XRP Ledger-linked stablecoin infrastructure closer to one of the world’s largest payments systems. In an interview shared April 16 by XRPL Commons’ Odelia Torteman, Mastercard’s senior vice president for digital assets and blockchain, […]
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Ripple, a crypto payments company, has announced a major partnership with Mastercard to explore how the RLUSD stablecoin on the XRP Ledger (XRPL) can facilitate the settlement of fiat card transactions. This collaboration aims to modernize payment infrastructure by integrating blockchain technology with traditional banking, providing faster, more transparent, and fully compliant transaction processing. The […]
Ripple, Ondo Finance, Mastercard and Kinexys by J.P. Morgan have completed a pilot transaction connecting the XRP Ledger with interbank settlement rails, marking a notable test of how tokenized assets can be redeemed across public blockchain infrastructure and global bank networks. The transaction involved a redemption of Ondo’s tokenized US Treasury product, OUSG, with the […]
The total supply of Ripple’s regulated stablecoin, Ripple USD (RLUSD), has reached $120 million. Community analyst Maartunn from CryptoQuant revealed the figures in a new analysis, calling it a “huge milestone.” Ripple’s RLUSD Gains Traction On The XRP Ledger “RLUSD Total Supply reached $120m. RLUSD, Ripple’s regulated stablecoin, keeps growing and has now hit a […]
Ripple has joined BLOOM, a new initiative from the Monetary Authority of Singapore (MAS), the country’s central bank, and is partnering with trade finance technology firm Unloq on a pilot that uses RLUSD and the XRP Ledger to test programmable settlement in cross-border trade. For crypto markets, the move adds another real-world institutional use case […]
Ripple has carried out a series of large RLUSD burns in recent weeks to remove millions of the stablecoin from circulation. According to data from the RLUSD burn tracker @RL_Tracker, more than 2.7 million RLUSD were recently destroyed in a single transaction, the biggest burn in many weeks. Ripple Burns Massive Amounts Of RLUSD Crypto burns are not new to the crypto industry, especially when it comes to stablecoins. Interestingly, data from the RLUSD burn tracker, @RL_Tracker, has revealed an uptick in the amount of RLUSD burned in the past two weeks, which is worth noting. Related....