Emphasizing regulatory compliance, Mastercard, Gemini, and Ripple have announced a partnership to explore card transaction settlement using a regulated stablecoin, RLUSD, on a public blockchain. The involvement of WebBank, a regulated US institution, is key to the initiative’s credibility.
The companies stated that this would mark “one of the first collaborations where a regulated US bank settles traditional card transactions using a regulated stablecoin on a public blockchain.”
This focus on working within existing regulatory frameworks distinguishes the effort from more speculative crypto projects and signals a mature, institution-friendly approach to integrating digital assets into the core of the payment ecosystem.
