The well-known XRP community enthusiast who is attended by @Wkahneman has revealed how MasterCard’s XRP card announcement and its SEC filing can be connected via Ripple’s open nine-digit credit line. The development could also be a showcase for Ripple USD (RLUSD) as a facility-grade asset.
Gemini borrowed $75 million from Ripple prior to the IPO.
Gemini, one of the largest cryptocurrency ecosystems in the United States, mentioned the $75 million credit line opened by Ripple in its IPO filing with the SEC. The program can be expanded to $150 million, but the use of Ripple USD (RLUSD) Stablecoin could result in additional draws being completed.
Unpack #ripple/gemini news. What exactly is going on? The whole may be greater than the sum of that portion. (It’s odd in #5) This week we brought some interesting news to ponder if this is more than just a loan.
1/8 pic.twitter.com/qwklif0i5u– Wrathofkahneman (@wkahneman) August 23, 2025
These facts were noted by the pseudonym ripples that @wkahneman passes through and the XRP observer. Experts shared them in threads with 84,000 followers on X.
Borrowing Pre-Ipo money is visible to observers regularly, but the potential use of RLUSD, the first major regulated stub coin, is rather unusual. In the future, this could significantly contribute to the recognition and distribution of RLUSD.
Second, both Gemini and Ripple are simultaneously preparing for EU regulatory compliance. Gemini just received a MICA license in Malta, but Ripple applied for a MICA EMI license in July through its new Luxembourg unit.
Finally, the newly announced XRP Bank card by Webbank is backed by a liquidity of $75 million. The release slogan is suggested on August 25th as the release date of the product.
Gemini is set to release in H1, 2025 despite major losses
So Ripple may be a large beneficiary of Gemini’s future IPO contracts. The unique use cases for retail XRP cards and RLUSD can only be the beginning of the story.
As previously covered by U.Today, Gemini is preparing for an IPO on Nasdaq. The platform is participating in the Club of Crypto company despite major losses in H1, 2025.
The company reported a net loss of $282 million, a significant increase compared to the previous report’s over $40 million. The company’s cash totals only $161 million, with debts exceeding $2 billion, U.Today previously reported.
