Ripple Fuels Gemini’s IPO Ambitions with $75M Credit Lifeline
Ripple just threw Gemini a $75 million lifeline—right as the exchange gears up for its IPO.
Strategic Move or Desperate Play?
The credit extension signals Ripple's aggressive push into traditional finance corridors. No vague promises here—just cold, hard capital backing one of crypto's most embattled exchanges. Gemini gets liquidity; Ripple gets a front-row seat to Wall Street's eventual embrace of digital assets.
IPO Catalyst or Last-Ditch Effort?
That $75 million isn't just a loan—it's a calculated bet on crypto's infrastructure maturation. While bankers still debate blockchain's merits, Ripple's moving actual money. Because nothing silences skeptics like a nine-figure check—even if it's just another day in the volatile world of crypto finance, where 'trust' is just a word until the wire clears.
RLUSD Stablecoin in the Mix
The filing also notes that once borrowing exceeds $75 million, Gemini can use Ripple’s dollar-backed stablecoin, RLUSD, for repayment. So far, no funds have been drawn from the facility. This is one of the first times RLUSD is directly linked to a major U.S. trading platform, putting it in competition with Tether’s USDT and Circle’s USDC. The move highlights Ripple’s efforts to make RLUSD a more widely used stablecoin on U.S. exchanges.
Gemini is also under financial pressure. The exchange posted a net loss of $282.5 million in the first half of 2025, compared with $41.4 million for the same period last year. Revenue fell to $67.9 million from $74.3 million, and with losses continuing to mount, the Ripple credit line becomes an important support for Gemini as it prepares for its IPO.
For Ripple, the deal gives RLUSD greater visibility and a chance to expand its use. For Gemini, it provides some financial breathing room ahead of going public. Analysts think the partnership could help RLUSD get noticed more while also showing investors that Gemini has extra funds to fall back on. It also shows a bigger pattern in crypto: exchanges are teaming up with infrastructure companies to get funding and push their stablecoins.
Since Gemini is dealing with regulatory challenges and growing losses, the Ripple credit line could be a key factor in keeping the IPO on track. Investors and market watchers will be keeping a close eye on how the partnership develops and whether RLUSD can compete successfully with Tether and USDC in the U.S. market.
Also Read: Winklevoss Twins’ Gemini Files for Nasdaq IPO
