Mastercard will sponsor a 36‑hour XRP Ledger hackathon taking place October 24‑25 in New York, XRPL Commons announced August 26. The event will bring developers together to create applications using the XRP Ledger, though Mastercard has not announced any new product or commercial deployment on the network.

Mastercard previously said it would expand its settlement network to support regulated stablecoins, including Ripple’s RLUSD, and listed the XRP Ledger among eight blockchains it plans to support. In November 2025, Ripple, Mastercard, WebBank and Gemini announced a joint effort to explore settling fiat card transactions with RLUSD on the XRP Ledger. The collaboration is described as an exploration, with no guarantee of a full rollout.

The hackathon will feature four tracks: protocol innovation, agentic finance, lending and borrowing, and an open category for other projects. The protocol track will focus on core network development, amendments, client implementations and developer tools. The agentic finance track will examine software agents that can initiate or manage financial activity. Lending participants can build on the proposed XRP Ledger Lending Protocol. Existing projects may add XRP Ledger functionality without creating a new product. Sponsorship by Mastercard does not confirm access to its payment network for participating teams, nor does it guarantee that hackathon applications will be launched on the XRP Ledger. XRPL Commons has not disclosed the amount of Mastercard’s contribution, its judging role or technical involvement. No direct market reaction from XRP can be linked to the announcement.

The hackathon is intended to precede Ripple’s Swell conference, and any subsequent commercial integration would require a separate announcement from the participating companies.