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Gemini Targets XRP Army With New Credit Card, Expands Ripple USD Use for U.S. Customers
Making preparations to go public, the firm — founded by the Winklevoss twins — is ramping up offerings.
Updated Aug 25, 2025, 3:07 p.m. Published Aug 25, 2025, 1:12 p.m.
What to know:
- Crypto exchange Gemini has launched an XRP credit card with Ripple, offering crypto rewards up to 4% on various purchases.
- The exchange also expands the use of Ripple's RLUSD stablecoin as a base currency for spot trading pairs for U.S. users.
- Gemini filed for an IPO in June.
Crypto exchange Gemini, founded by billionaire twins Cameron and Tyler Winklevoss, told CoinDesk it has teamed up with Ripple to roll out an XRP edition of its credit card in collaboration with Ripple, offering users crypto rewards across spending categories.
The card, issued with WebBank similarly to other Gemini cashback cards, allow holders to earn up to 4% back in XRP on fuel, EV charging and rideshare purchases, 3% on dining, 2% on groceries and 1% on other transactions, according to a blog post. Gemini said it is also partnering with select merchants to provide up to 10% back on eligible purchases.
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"We’re giving customers and the XRP Army new ways to earn XRP and express their passion, loyalty, and excitement, Tyler Winklevoss, co-founder and CEO of Gemini, said in a statement.
The exchange is also broadening the use of , the $680 million U.S. dollar stablecoin issued by Ripple. The token is now available as a base currency for all spot trading pairs on the platform for U.S. users, allowing traders to move between RLUSD and other assets without extra conversion steps.
"Fifty-five million Americans own crypto and that number is only increasing as more people look for easier ways to access and use it in their daily lives," Ripple CEO Brad Garlinghouse said in a statement. “With Gemini, we’re making everyday spending a chance to earn and connect with both XRP and RLUSD.
Gemini has been ramping up offerings as the firm made preparations to go public in the U.S. In June, the exchange started offering trading with tokenized U.S. stocks.
Last week, the firm obtained MiCA license in Malta to expand footprint in the region.
The firm also revealed in its IPO paperwork a $75 million credit facility from Ripple and reported $282 million net loss in the first half of the year.
Read more: Billionaire Winklevoss Twins-Backed Gemini Launches Self-Custodial Smart Wallet
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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