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Ripple has signed an important cooperation agreement with the payment system giant Mastercard, the Gemini cryptoplatform and WebBank Bank. Their common goal is to introduce RLUSD into the credit card settlement system.

As a result of this partnership, Gemini credit card holders will be able to use the RLUSD stablecoin to conduct transactions. It is important that, technologically, the main thing will be the settlement between Mastercard and the issuing bank WebBank using the XRP Ledger blockchain, which is developed by Ripple.

Sherry Haymond from Mastercard emphasized that the company is actively working on the integration of regulated stablecoins into its global network in order to expand the choice of available payment instruments, without forgetting about security. Mastercard believes that these actions create the basis for wider use of blockchain in the financial industry in the future.

At the same time, Wells Fargo, Santander and Western Union are also not standing aside and are actively exploring how stablecoins can be useful for their business. All this suggests that traditional finance and digital assets are increasingly converging.

The collaboration between Ripple, Mastercard, Gemini and WebBank shows that stablecoins are no longer just an interesting idea and are turning into real tools that can be used every day to make payments. This suggests that the digital asset industry is becoming more mature and ready to seriously change the global financial system.