Overview
- XRPL Commons confirmed on Aug. 26 that Mastercard will sponsor a 36-hour XRP Ledger hackathon in New York on Oct. 24–25 with tracks for protocol work, agentic finance, lending and an open category.
- Organizers and Mastercard stressed that sponsorship means event participation and developer support and does not announce a commercial Mastercard payment product or a live XRPL deployment.
- A 21Shares SEC filing showed the TOXR XRP ETF switched its pricing benchmark from CME Group pricing to the FTSE XRP Index effective Aug. 27 and changed its sponsor fee payment cadence.
- U.S. spot-XRP ETFs continued to draw capital this week with daily inflows reported at roughly $13.8 million, $24 million, and over $28 million on successive days.
- Mastercard’s hackathon role sits alongside its staged plan to support regulated stablecoins, including RLUSD, and an exploratory Ripple–Mastercard–WebBank–Gemini project that could test RLUSD for card-settlement in later phases.