- XRP credit card debuts with Ripple and Gemini partnership backed by $75M strategic investment
- Gemini unveils card offering up to 4% XRP rewards plus $200 bonus for fresh new applicants
- RLUSD stablecoin expands as Gemini pushes IPO plans despite reporting heavy financial losses
Gemini has officially launched an XRP version of its credit card, co-designed with Ripple, Mastercard, and WebBank. The metal card is a limited-edition card designed specifically to suit the XRP community and gives crypto rewards on everyday spending in XRP. The launch arrives as Gemini makes efforts towards its long-awaited IPO, with Ripple being one of the exchange’s financial investors.
Gemini XRP Credit Card (Source: Gemini)
This joint effort highlights Ripple’s expanding influence as it continues supporting its USD-backed stablecoin, Ripple USD (RLUSD), and strengthens its ties to Gemini at a critical moment for both companies. Backing the launch is a joint $75 million investment, with Gemini retaining the option of tapping into a $150 million credit line from Ripple.
Features of the XRP Credit Card
The Gemini XRP Credit Card provides up to 4% back in XRP on fuel, electric vehicle charging, rideshare, and transit, capped at $300 per month before reverting to 1%. Dining purchases earn 3%, groceries 2%, and all other purchases 1%. Significantly, new registrants who are accepted by June 30, 2025, will be able to earn a $200 XRP bonus by spending $3,000 in the initial 90 days.
The card is free of annual fees, foreign transaction charges, and exchange fees when converting rewards into XRP. Rewards are immediately deposited in Gemini accounts, allowing cardholders to hold, trade, or cash out immediately. It also includes Mastercard World Elite benefits, such as discounts on Instacart, Lyft, and Booking.com.
Gemini has also stressed the idea of sustainability and security, as the card is offered in black, silver, or rose gold coloring using recycled materials. Sensitive information, such as card numbers, is stored securely in the Gemini app rather than printed on the physical card.
Expanding Access to RLUSD
In tandem with the credit card launch, Gemini expanded support for Ripple USD (RLUSD), Ripple’s stablecoin. Already listed since May 2025, RLUSD is now available as a base currency for all U.S. spot trading pairs on Gemini. This enables the user to switch between RLUSD and other assets in a single step, reducing the costs of conversion and the time of execution.
Since its launch, RLUSD has increased in market capitalization to over $640 million, making it one of the top six USD stablecoins. Besides, Ripple’s decision to connect the card with RLUSD indicates its intention to make crypto more convenient, easier, and practical for ordinary individuals to use.
Ripple and Gemini’s Broader Vision
The new credit card comes at a critical time, as Gemini reported a net loss of 282.5 million in the first half of 2025. Despite financial difficulties, the company is still making inroads into consumer-facing crypto products, and the XRP version card is regarded as a strategic move to attract new users.
Ripple executives reiterated this vision with the card as a means of incorporating XRP and RLUSD into daily life. “With Gemini, we’re making everyday spending a chance to earn and connect with both XRP and RLUSD,” said Ripple CEO Brad Garlinghouse.
Tyler Winklevoss, Gemini’s co-founder and CEO, described the card as “a bridge to the future of finance,” praising its ability to deepen community engagement with XRP while rewarding loyalty.
As Gemini gears up for its IPO, the XRP credit card not only provides incentives to consumers but also marks a closer connection between the exchange and Ripple. To the XRP community, the card is a financial instrument and a representation of the token’s increased practicality in the mainstream market.
