XRP News Today: Gemini Secures $75M Credit Line from Ripple Ahead of Nasdaq IPO

Gemini has secured a $150 million credit line from Ripple, with an initial commitment of $75 million, as it prepares for an upcoming initial public offering (IPO) on the Nasdaq. The arrangement, disclosed in Gemini’s recent filings, includes a structured and secured facility that allows borrowing requests of at least $5 million. The loan comes with an annual interest rate of either 6.5% or 8.5%, depending on market conditions, and is denominated in U.S. dollars or Ripple’s RLUSD stablecoin with the latter requiring mutual consent between the two firms [1].

This partnership marks a significant milestone for Ripple, as it expands the use case of RLUSD within a major crypto exchange’s credit infrastructure. RLUSD, a dollar-pegged stablecoin built on both the XRP Ledger and Ethereum, has already secured a place in Gemini’s operations. The exchange’s ability to settle portions of the credit line in RLUSD underscores the growing institutional acceptance of the stablecoin and could contribute to its liquidity and utility [2]. Gemini’s filing also revealed that a principal balance was already outstanding as of August 2025, confirming that the arrangement is not merely a forward-looking strategy but an active financial tool [3].

For Ripple’s XRP, the agreement does not require direct usage but may still drive increased on-chain activity through RLUSD. The potential for higher stablecoin flows to interact with the XRP Ledger can enhance its settlement pathways and developer engagement, indirectly supporting the broader ecosystem. This move also signals confidence in Ripple’s infrastructure, which could encourage further enterprise adoption of both RLUSD and the XRP Ledger [4].

Gemini’s pursuit of an IPO comes amid a challenging financial landscape. The company reported a net loss of $282.5 million in the first half of 2025, compared to $41.4 million in the same period in 2024. These losses reflect the broader struggles of crypto exchanges facing heightened regulatory scrutiny and market volatility. The firm has also undertaken a corporate restructuring to separate its operations into Gemini Trust in New York and Moonbase in Florida, a move aimed at navigating New York’s strict BitLicense requirements and optimizing regulatory compliance [5].

The IPO is being underwritten by major investment banks including Goldman Sachs, Citi, Morgan Stanley, and Cantor Fitzgerald. If successful, Gemini would become the third U.S.-based crypto exchange to go public after Coinbase and Bullish. The listing is expected to provide critical capital to support Gemini’s growth strategy and strengthen its position in the highly competitive crypto trading space [6].

Source:

[1] Gemini Files for Nasdaq IPO, Taps Ripple for Credit Line (https://www.livebitcoinnews.com/gemini-files-for-nasdaq-ipo-taps-ripple-for-a-credit-line/)

[2] Gemini Taps Ripple for a Credit Line Ahead of IPO (https://timestabloid.com/gemini-taps-ripple-for-a-credit-line-ahead-of-ipo/)

[3] Gemini Taps Ripple for a Credit Line Ahead of IPO (https://coinmarketcap.com/community/articles/68a20cd71ef5bf7de6c060ba/)

[4] Gemini Details IPO Plans Amid Increasing Losses and Ripple Loan Agreement (https://coingape.com/gemini-details-ipo-plans-amid-increasing-losses-and-ripple-loan-agreement/)

[5] Gemini Files Nasdaq IPO Despite 282.5M Loss in 2025 (https://www.ainvest.com/news/gemini-files-nasdaq-ipo-282-5m-loss-2025-2508/)

[6] Gemini Files for Nasdaq IPO, Taps Ripple for Credit Line (https://www.dlnews.com/articles/markets/gemini-files-ipo-bid-amid-crypto-rally-bleeding-282-million/)