Mastercard Praises RLUSD Stablecoin at XRPL Hackathon
Mastercard reportedly commended the RLUSD stablecoin during an XRPL Commons event, though details remain limited.
Mastercard reportedly commended the RLUSD stablecoin during an XRPL Commons event, though details remain limited. Ripple USD (RLUSD) is trading at $1.00. This is an original TLT brief based on reporting by Blockonomi, with live market data added, as of Sun, 25 Oct 2026 19:15:03 UTC.
The endorsement could signal growing interest from traditional finance in blockchain-based stablecoins, potentially boosting adoption and credibility for projects on the XRP Ledger.
- Mastercard reportedly praised RLUSD stablecoin at XRPL Commons hackathon.
- RLUSD has a circulating supply of $2.47B, according to DeFiLlama.
- Event features over $40,000 in prizes across four developer tracks.
- Cross River Bank Partners with Ripple to Integrate RLUSD Stablecoin
- Ripple's Stablecoin RLUSD Integrates with Cross River Bank
- Cross River Bank Integrates Ripple's RLUSD Stablecoin
- Ripple's RLUSD Stablecoin Enters Türkiye Market via Inveo Kripto Partnership
- Mastercard Praises RLUSD Stablecoin at XRPL Hackathon — this brief
During a recent XRPL Commons hackathon in New York, Mastercard reportedly praised the RLUSD stablecoin, according to community member Lost Art. The event, which took place on October 24–25, is a 36-hour hackathon featuring over $40,000 in prizes across four developer tracks.
RLUSD, a stablecoin on the XRP Ledger, has a circulating supply of $2.47 billion, as reported by DeFiLlama. The stablecoin's market cap reflects its position as a significant player in the XRP ecosystem.
Mastercard's commendation, though not officially documented, suggests potential interest from traditional financial institutions in blockchain-based stablecoins. The XRP Ledger has been gaining traction as a platform for decentralized finance applications, and endorsements from major financial entities could accelerate this trend.
The broader crypto market remains relatively stable, with a total market cap of $2.77 trillion. 
Bitcoin has seen a modest 24-hour increase of 0.62%, while the Fear & Greed Index stands at 54, indicating a neutral sentiment.
The endorsement of RLUSD by Mastercard, if confirmed, could bolster the stablecoin's credibility and adoption. Observers should watch for any official statements from Mastercard and monitor the stablecoin's market performance in the coming days.
Since this brief published about 1 hour ago, Ripple USD (RLUSD) has moved from $1.00 to $1.00 — +0.00%.
The chart plots RLUSD's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 RLUSD ≈ ₦1,379.75 (about $1.00), up 0.0% over 24 hours. The naira itself trades about 4.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 25, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Mastercard Praises RLUSD Stablecoin at XRPL Hackathon — questions & answers
What is RLUSD?
RLUSD is a stablecoin on the XRP Ledger with a circulating supply of $2.47 billion.
Why is Mastercard's praise significant?
It suggests potential interest from traditional finance in blockchain-based stablecoins, which could boost adoption and credibility.
What is the XRPL Commons event?
It is a 36-hour hackathon in New York with over $40,000 in prizes across four developer tracks.
How much is 1 Ripple USD worth in naira today?
About ₦1,379.75 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.00. The naira price moves with both RLUSD's US-dollar price and the USDT/NGN rate; use our Ripple USD in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Blockonomi. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.