- Gemini launched an XRP credit card offering up to 4% cashback rewards with no annual fees or foreign transaction charges.
- Ripple is backing Gemini’s IPO plans with up to $150 million in credit facilities and has integrated its RLUSD stablecoin into the platform.
Cryptocurrency exchange Gemini has announced a limited-edition XRP credit card which rewards users up to 4 percent in XRP cashback on everyday spending. The development comes as the exchange prepares for its initial public offering, with Ripple providing significant financial backing through a credit facility agreement.
The card focuses on the dedicated XRP community while expanding access to Ripple’s RLUSD stablecoin for U.S. spot trading.
Comprehensive Rewards Structure and Zero-Fee Model
The Gemini XRP credit card offers tiered rewards across spending categories. On gas, electric vehicle charging, and rideshare purchases, users receive 4% cashback in XRP. Dining purchases earn 3% and grocery purchases earn 2% cash back. All other purchases attract 1% rewards in XRP.
New cardholders receive a $200 bonus in XRP once they spend $3,000 within the first 90 days. The exchange has also partnered with a few select merchants to provide up to 10% back on the qualified purchases, providing the active user with the maximum reward.
The card comes without annual fees, foreign transaction fees, or exchange fees on crypto rewards. Such a fee structure renders it competitive in the expanding crypto credit card market. WebBank uses the Mastercard World Elite program to issue the card, which provides a wide merchant acceptance ability.
Cameron Winklevoss, Gemini’s co-founder, promoted the launch on social media, encouraging XRP supporters to utilize the card’s benefits. The exchange branded the card with XRP-related graphics to attract the cryptocurrency’s loyal community base.
Calling on the XRP Army. This Credit Card 💳 was made for you. Earn up to 4% back in XRP every time you swipe. Onward! 🚀 https://t.co/oeC2Qg1mSG
— Tyler Winklevoss (@tyler) August 25, 2025
Strategic Partnership Supports IPO Ambitions
Through a substantial credit agreement, Ripple has emerged as a key supporter of Gemini’s public offering plans. The alliance encompasses a line of credit of $75 million, which can be increased to $150 million, indicating a lot of monetary dedication between the firms.
With such collaboration, the support goes beyond funding to product integration. The RLUSD stablecoin Ripple issued is now a foundation for all the spot trade pairs on the Gemini U.S. user platform. This integrity does away with transactional costs on exchanging between RLUSD and other digital currencies.
Ripple CEO Brad Garlinghouse emphasized the partnership’s goal of making cryptocurrency accessible to mainstream consumers. The RLUSD stablecoin has achieved over $640 million in market capitalization, ranking among the top six dollar-pegged tokens.
Ripple CEO Brad Garlinghouse highlighted the partnership’s objective to make cryptocurrency accessible to mainstream consumers. The RLUSD is the most successful stablecoin with more than 264 million in market capitalization, which pegs it in the top 6 list of stable tokens.
Gemini’s IPO filing reveals financial challenges, including a $282.5 million net loss in the year’s first half and continued operating losses over the past two years.
