Gemini Don Secure $75M Ripple Credit Line Ahead of IPO
Gemini don secure $75 million Ripple credit line before dem planned to IPO, wey allow dem draw money small small for $5 million increments with interest wey range between 6.5% and 8.5% APR. The revolving credit agreement wey dem show for Gemini S-1 filing fit extend go $150 million depending on how well them perform. Di first loan na for US dollars, plus di extra borrowing go fit use Ripple’s RLUSD stablecoin for XRP Ledger and Ethereum if dem pass di original facility. Some principal balance don already dey as of August 2025, wey show say di credit line don dey active. Gemini S-1 file dey also show say dem get $162 million cash reserves vs over $2 billion liabilities as for middle 2025. Ripple talk say dem no get plans for IPO anytime soon. Dis Ripple credit line show how stablecoin liquidity solution dey grow for enterprise and e boost RLUSD institutional adoption.
Bullish
Dis news na good for di XRP Ledger ecosystem. By using one $75 million Ripple credit line, Gemini dey show say institutions dey trust Ripple stablecoin system more and more. Di credit facility activation plus possible increase to $150 million mean say demand dey grow for RLUSD on di ledger, fit make transactions increase—and by extension, make more people dey use XRP pay network fees. For short term, how market feel about enterprise financing fit boost confidence for XRPL assets. For long term, if institution still dey use stablecoin credit lines steady, e fit improve liquidity plus network usefulness, which fit boost XRP price.