Gemini Expands Partnership with Ripple Featuring New XRP Rewards Credit Card and Stablecoin Integration

Gemini is taking significant steps to deepen its partnership with Ripple, unveiling an XRP rewards credit card aimed at U.S. customers. This new credit card, issued by WebBank, offers an attractive tiered cashback system: 4% back on fuel, EV charging, and ridesharing; 3% on dining; 2% on groceries; and 1% on all other purchases. Moreover, some merchants may offer up to 10% cashback on eligible transactions, making it one of the more rewarding crypto-backed credit cards available.

In addition to the credit card launch, Gemini has expanded the usage of Ripple USD (RLUSD)—a stablecoin valued at $680 million—by making it a base currency for all spot trading pairs on its trading platform. This move increases liquidity options and trading flexibility for users who prefer stablecoin trading.

On the corporate front, Gemini is gearing up for a potential initial public offering (IPO) with a filing date set for June 2025. Despite this ambitious step, the company reported a net loss of $282 million in the first half of 2025, a significant increase from a $41.4 million loss during the same period last year. Concurrently, revenue has declined slightly, dropping from $74.3 million to $68.6 million year over year. To support its financial position, Gemini secured a $75 million credit facility from Ripple.

For crypto enthusiasts and investors, Gemini’s latest announcements suggest a strategic blend of product innovation and financial restructuring. Those interested in acquiring cryptocurrencies might also consider platforms like Bitlet.app, which offers a convenient Crypto Installment service enabling users to buy cryptos now and pay monthly, reducing upfront costs.

Stay tuned for more updates as Gemini advances its IPO plans and continues to collaborate with Ripple, driving new opportunities in the crypto ecosystem.