Gemini secured a $75M credit line from Ripple ahead of its Nasdaq IPO, with $5M
minimum borrowing terms and 6.5%-8.5% interest rates in USD or LUSD
The deal expands RLUSD's institutional adoption by enabling stablecoin settlements, enhancing liquidity and XRP Ledger utility through increased stablecoin flows.
Gemini reported $282.5M 2025 H1 losses amid regulatory challenges, restructuring operations to comply with New York's BitLicense requirements.
Goldman Sachs and other major banks underwrite the IPO, which would make Gemini the third U.S. crypto exchange to go public after Coinbase and Bullish.
