It is reported that Mastercard, a global payment company, has expressed its recognition of the RLUSD stablecoin of Ripple at the XRP Ledger ( XRPL ) Hackathon event currently taking place in New York City.
According to Lost Art, a member of the XRPL community, Mastercard expressed approval for the stablecoin issued by Ripple during the event when explaining the requirements for partner roadshows.
Lost Art stated on X on October 24th: " Mastercard just praised Ripple's $ RLUSD during the hacker松 partner roadshow session at XRPL Commons."
It is worth noting that Mastercard is one of the official partners of this two-day hackathon. The event took place from October 24th to 25th, right before the flagship conference Swell by Ripple.
XRPL Overview of the Hacker松 Event
This AI vs Fintech XRPL Hacker松 is a 36-hour developer competition organized by XRPL Commons, a non-profit organization focused on the XRP Ledger ecosystem.
This hackathon brings together developers, entrepreneurs, designers, and financial experts to build new applications on top of XRP Ledger.
The total prize money for the event exceeds $40,000. Mastercard, Ripple, XRP Ledger Foundation, Ledger, Amazon Web Services ( AWS ), and QuickNode will provide guidance and serve as judges.
There are four tracks in this Hackathon: Agentic Finance, Lending & Borrowing, Protocol Innovation, as well as the comprehensive track Why Not.
Among them, Hackathons particularly focus on using artificial intelligence agents for autonomous payments. Such applications can use XRP or RLUSD to complete payments, without the need for manual intervention for each payment cycle.
This hackathon is also a prelude to Ripple Swell 2026. The latter will be held in New York City from October 27th to 29th.
Cooperation between Mastercard and Ripple expands
There already exists an actual cooperative relationship between Mastercard and Ripple that exceeds the ecological scope initiated by XRP Ledger.
In November 2025, Ripple announced that it is collaborating with Mastercard, WebBank, and the cryptocurrency exchange Gemini to research traditional credit card transaction settlement solutions based on RLUSD.
According to the proposed arrangement, RLUSD will support blockchain-based settlements between Mastercard and WebBank, with the latter being the issuing bank.
In August 2023, Ripple joined Consensys, Fireblocks, and other companies to become one of the first members of the partnership program for Mastercard's central bank digital currency ( CBDC).
On the other hand, Mastercard is also rapidly expanding its product lineup related to stablecoins.
In June 2026, Mastercard indicated its intention to introduce new settlement options, incorporating regulated stablecoins, including RLUSD from Ripple. This payment giant also supports USDC from Circle, PYUSD from PayPal, USDG from Paxos, and USDP, as well as SoFiUSD.
The content of this article is quoted from the report by U.Today. The relevant statements include paraphrases of speeches at the event site and details of the cooperation arrangements.
