Ripple & Mastercard: A Yuletide Tale of Stablecoin Shenanigans 🎄💸

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Behold, the grand alliance of Ripple, Mastercard, Webbank, and Gemini, now conspire to test RLUSD on the XRP Ledger-a bold leap to fuse the swiftness of blockchain sorcery with the ponderous traditions of old-timey banking. 🤝🚀

Ripple, Mastercard, Gemini, and Webbank: A Dance of Dollars & Digital Alchemy

Ripple announced this shenanigan at the Ripple Swell 2025 gala in New York, where they’ll pilot RLUSD on the XRP Ledger (XRPL) to settle fiat card payments like a possum in a poker game. This follows Ripple’s recent $500 million treasure hunt. 💰

The scheme, as the parchment declares, binds Ripple’s payment pipes to Mastercard’s global galleon and Webbank’s Gemini Credit Card. Mastercard’s Sherri Haymond declared, “We’re dragging regulated stablecoins into the mainstream!”-a noble quest, though one wonders if the mainstream is ready for such chaos. 🤷

“Our network shall ferry stablecoins into the financial mainstream,” Haymond proclaimed, as if blockchain were a polite guest at a tea party. Once unleashed, this will be the first time a U.S. bank settles cards via stablecoin on a public ledger-assuming the regulators don’t trip over their own boots. 🚨

The project builds on Ripple’s prior tango with Gemini and Webbank, following the Gemini Credit Card’s XRP edition. Webbank’s Jason Lloyd claimed banks hold the “magic key” to bridge blockchain and tradition-though one suspects the key is more likely a rusty spoon. 🔑

“This collaboration lets us explore how stablecoins can turbocharge payments,” Lloyd said, as if efficiency weren’t already invented. 🤡

Gemini’s Dan Chen added, “This phase shows how stablecoins can spice up daily spending.” Spicy indeed-if one enjoys burning their tongue on hot digital pepperoni. 🍕

Ripple’s Monica Long declared the partnership proves stablecoins can modernize money’s march. “Banks are waking up to blockchain’s charms,” she said-though some might argue they’re still in bed with a snore. 😴

RLUSD, a dollar-backed stablecoin with $1 billion in circulation since 2024, will next ride the XRPL and integrate into Mastercard/Webbank’s systems-pending regulators’ stamp of approval. 🧾

FAQ 💳

  • What, pray tell, is this RLUSD contraption?
    Ripple’s dollar-backed stablecoin, built on the XRP Ledger for speed and security-like a lightning-fast turtle. 🐢⚡
  • Who’s in this grand alliance?
    Ripple, Mastercard, Webbank, and Gemini-four titans plotting to turn fiat into crypto confetti. 🎉
  • Why is this a big deal?
    It’s the first stab at regulated stablecoin settlement for U.S. cards-assuming “stabs” don’t end in a puddle of regulatory ink. 🩸
  • When does RLUSD roll out?
    Probably when the moon is in the 7th house and Jupiter aligns with a pigeon’s flight path. 🐦✨

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2025-11-05 22:38