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2h ago

Gemini Deepens Ripple Partnership With XRP Rewards Card and RLUSD Base for U.S. Trading

The push coincides with IPO preparations following disclosures of a first‑half loss alongside a Ripple credit facility.

Gemini targets xrp army with new credit card, expands ripple usd use for u.s. customers
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Gemini unveils XRP edition of its credit card

Overview

  • Gemini launched an XRP-branded credit card that pays cashback in XRP with tiers of 4% on gas, EV charging and rideshares, 3% on dining, 2% on groceries, and 1% on other purchases.
  • The card is issued by WebBank and includes select merchant partnerships that offer up to 10% back on eligible transactions.
  • Ripple USD (RLUSD) now functions as a base currency for all U.S. spot trading pairs on Gemini, allowing direct moves between RLUSD and other assets without extra conversions.
  • Ripple’s RLUSD is cited at roughly $680 million in market size, with executives presenting the collaboration as a way to tie everyday spending to XRP and RLUSD.
  • Gemini’s S-1 details a $75 million credit facility from Ripple and about $282 million in first-half net losses, as the exchange expands with a MiCA license in Malta and trading in tokenized U.S. stocks.