Fintech company RedotPay has unveiled a new Visa-linked payment card called the RLUSD card, built on the XRP Ledger infrastructure. The service allows users to pledge XRP holdings as collateral at a 50% loan-to-value (LTV) ratio to activate a credit line, with settlements conducted through the RLUSD stablecoin on the XRPL network before payments are processed at Visa-affiliated merchants.
RedotPay serves more than 8 million users across over 100 countries and processes nearly $12 billion in annualized payment volume. The company reported that the RLUSD card aims to provide immediate liquidity without requiring holders to sell their underlying XRP. The launch comes as transaction volume on stablecoin-backed cards has surged 80% year-to-date in 2026, a 250% increase compared to the same period last year.
On the technical side, RLUSD acts as the settlement layer on XRPL, leveraging the ledger’s low transaction fees. Researchers suggest that integrating dollar-pegged assets could boost processing demand on Ripple’s distributed ledger. The initiative was discussed by Odelia Torteman, Head of Digital Assets at XRPL Commons, and Taylor Bossung, Head of Corporate Affairs at RedotPay, who addressed on-chain remittances, tokenized asset-backed credit, and AI-powered payment automation.
