TLDR
- First Ledger claims that Mastercard, WebBank, and Ripple will use XRP in their new RLUSD settlement pilot on the XRP Ledger.
- XRP will play a key role in transaction fees and network operations for all parties involved in the pilot.
- Mastercard and Ripple have previously collaborated on the Gemini XRP Credit Card, highlighting their ongoing partnership.
- WebBank will provide essential financial services for the RLUSD pilot, further integrating XRP into the system.
- The new partnership builds on Ripple’s long-standing use of XRP in its On-Demand Liquidity solution for cross-border payments.
First Ledger has announced that financial giants Mastercard, WebBank, and Ripple will use XRP as part of their new collaboration. This comes after Ripple’s recent announcement about its partnership with Mastercard, WebBank, and Gemini. The initiative focuses on testing RLUSD stablecoin settlements on the XRP Ledger (XRPL). While Ripple highlighted RLUSD for settlement, First Ledger argues that XRP will be used by all parties involved.
XRP’s Role in Settling Payments on XRPL
The XRP Ledger relies on XRP for transaction fees and network operations. Ripple has integrated XRP as a bridge asset for cross-border payments through its On-Demand Liquidity (ODL) solution. As a result, any transactions involving Mastercard, WebBank, or Gemini on XRPL will indirectly involve XRP, even if RLUSD is the primary settlement token. First Ledger’s view aligns with XRP’s integral role in XRPL, where all transactions necessitate XRP for network functioning.
A Mastercard spokesperson confirmed the importance of XRP in the broader network infrastructure, even though RLUSD is the key settlement asset. “All transactions conducted on XRPL require XRP to pay network fees,” the spokesperson stated. This further reinforces First Ledger’s argument that XRP will be a key part of this new pilot.
They will all use XRP https://t.co/umf4tugC94
— First Ledger (@First_Ledger) November 5, 2025
Partnerships Build on Previous Successes
The partnership between Mastercard, WebBank, Gemini, and Ripple is not their first venture together. Earlier this year, the companies launched the Gemini XRP Credit Card. Powered by Mastercard’s network, the card allows users to earn cashback rewards in XRP. This earlier collaboration highlights Mastercard’s growing involvement in XRP-related initiatives.
Mastercard’s involvement in the current RLUSD settlement trial builds on this continued interest in the XRP Ledger. WebBank also plays a critical role by providing financial services tied to these projects. As the pilot progresses, First Ledger believes the partnership will further integrate XRP into the activities of these major economic players.
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