Mastercard Reportedly Praises RLUSD Stablecoin at XRPL Event
Mastercard reportedly praised the RLUSD stablecoin at the XRPL Commons hackathon, though details remain limited.
Mastercard reportedly praised the RLUSD stablecoin at the XRPL Commons hackathon, though details remain limited. Ripple USD (RLUSD) is trading at ₹95 ($1.00). This is an original Token Times brief based on reporting by Blockonomi, with live market data added, as of Sun, 25 Oct 2026 19:15:01 UTC.
This development highlights growing institutional interest in stablecoins built on the XRP Ledger, potentially boosting its ecosystem. However, the lack of official confirmation raises questions about the depth of Mastercard's involvement.
- RLUSD stablecoin received praise at XRPL Commons hackathon
- Mastercard is listed as an event partner
- RLUSD has a $2.47B circulating supply
- Event features $40,000+ in prizes across four tracks
- Cross River Bank Partners with Ripple to Integrate RLUSD Stablecoin
- Ripple's RLUSD Stablecoin to Enter U.S. Banking System via Cross River Bank
- Cross River Bank Integrates Ripple's RLUSD Stablecoin
- Ripple's RLUSD Stablecoin Enters Türkiye Market via Inveo Kripto Partnership
- Ripple Partners with Arf to Expand RLUSD Use on XRPL
- Mastercard Reportedly Praises RLUSD Stablecoin at XRPL Event — this brief
The RLUSD stablecoin has reportedly garnered praise from Mastercard during a pitch session at the XRPL Commons hackathon, according to community member Lost Art. This endorsement, if accurate, could signify growing institutional interest in stablecoins built on the XRP Ledger.
Mastercard's involvement in the event is corroborated by its listing as an official partner. The hackathon, which began on October 24th in New York, features a 36-hour format with over $40,000 in prizes distributed across four developer tracks.
On-chain data from DeFiLlama confirms that RLUSD has a circulating supply of $2.47 billion, indicating a significant presence in the stablecoin market. The XRP Ledger ecosystem has been gaining traction, with this event potentially serving as a catalyst for further development.
In broader market context, the total crypto market cap stands at $2.77 trillion, with 
Bitcoin showing a modest 24-hour gain of 0.62%. The Fear & Greed Index remains at 54, indicating a neutral market sentiment. RLUSD itself is currently priced at $1 with minimal price movement.
While the reported endorsement could boost confidence in RLUSD and the XRP Ledger, the lack of official confirmation from Mastercard means the impact remains uncertain. Observers should watch for further developments or official statements from Mastercard to gauge the true extent of their involvement.
Since this brief published about 1 hour ago, Ripple USD (RLUSD) has moved from ₹95.00$1.00 to ₹95.00$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 Token Times'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 ≈ ₹99.8 (about $1.00), up 0.0% over 24 hours. The rupee itself trades about 5.0% above the official rate on the P2P market, so a Indian 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.
Token Times 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 Reportedly Praises RLUSD Stablecoin at XRPL Event — questions & answers
What is RLUSD?
RLUSD is a stablecoin with a circulating supply of $2.47 billion, according to DeFiLlama.
Did Mastercard officially endorse RLUSD?
No, the endorsement reportedly came from a community member, not an official Mastercard statement.
What is the XRPL Commons hackathon?
It's a 36-hour event in New York with over $40,000 in prizes across four developer tracks.
How much is 1 Ripple USD worth in rupee today?
About ₹99.8 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.00. The rupee price moves with both RLUSD's US-dollar price and the USDT/INR rate; use our Ripple USD in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.