Key Notes

WebBank becomes first regulated US bank to settle conventional card payments via stablecoin on public blockchain infrastructure.

RLUSD stablecoin reaches $1 billion circulation milestone under New York financial regulator oversight since late 2024 launch.

Ripple secures $500 million funding at $40 billion valuation while expanding institutional services through Prime brokerage platform.

Mastercard , Ripple , Gemini , and WebBank announced a collaboration to explore using Ripple’s RLUSD stablecoin for settling fiat credit card transactions. The partnership was revealed on Nov. 5 at the Ripple Swell 2025 conference in New York.

The initiative represents one of the first times a regulated US bank will settle traditional card transactions using a regulated stablecoin on a p

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