Gemini has announced the launch of a new XRP edition of its Gemini Credit Card, developed in collaboration with Ripple. The move marks a significant expansion of Gemini’s XRP-focused offerings, alongside wider availability of Ripple USD (RLUSD), Ripple’s USD-backed stablecoin.

The development highlights growing integration of digital assets into everyday financial products, giving consumers new ways to earn, spend, and hold crypto through established payment channels.

The XRP Credit Card: Rewards Tailored for Everyday Spending

The new Gemini Credit Card edition allows customers to earn crypto rewards directly in XRP. Cardholders can earn:

• Up to 4% back on gas, EV charging, and rideshare expenses.
• 3% back on dining purchases.
• 2% back on groceries.
• 1% back on all other spending categories.

In addition, Gemini has partnered with selected merchants to offer up to 10% cashback in XRP on qualifying purchases. These offers are available to all Gemini Credit Card users and can be accessed through the Gemini app.

Unlike traditional rewards programs that limit flexibility, Gemini allows cardholders to switch between different crypto reward options, including bitcoin, ether, and more than 50 other digital assets.

The card also carries no annual fee, no fees for receiving crypto rewards, and no foreign transaction fees, positioning it competitively against traditional cashback and rewards credit cards. As part of the Mastercard World Elite programme, cardholders also gain discounted access to services such as Peacock Premium, Instacart, Lyft, ResortPass, and Booking.com.

Why Gemini is Doubling Down on XRP

The decision to launch a dedicated XRP edition comes against the backdrop of significant gains seen by Gemini Credit Card users who opted to receive their rewards in XRP.

According to Gemini’s analysis, as of 27 July 2025, customers who held XRP rewards for at least one year saw those holdings appreciate by 453%. What started as $73,700 worth of XRP rewards at the time of earning grew in value to more than $407,000.

This represented the highest percentage gain among all reward currency options available to Gemini cardholders during the review period.

XRP, the native asset of the XRP Ledger (XRPL), has long been positioned as a blockchain optimised for fast, low-cost transactions and cross-border payments. The token remains one of the largest digital currencies by market capitalisation and trading volume.

By introducing a credit card tied directly to XRP rewards, Gemini is seeking to give retail users a way to “stack XRP” while spending on routine purchases, bridging traditional payments with digital assets that carry utility beyond speculation.

Expanding RLUSD: Ripple’s Stablecoin Gains Momentum

Alongside the new card edition, Gemini has expanded access to Ripple USD (RLUSD), Ripple’s US dollar-backed stablecoin.

RLUSD has seen rapid adoption since its launch, amassing a market capitalisation of over $640 million and ranking among the top six USD stablecoins. Gemini initially listed RLUSD in May 2025, but the exchange has now made it available as a base currency for all spot trading pairs in the United States.

This integration allows traders to move between RLUSD and any other asset on Gemini directly, eliminating the need for intermediate conversions and reducing transaction costs.

The move also underscores Ripple’s ambition to extend RLUSD beyond being just another stablecoin, positioning it as a liquidity and settlement layer for both institutional and retail use cases.

The Bigger Picture: XRP’s Growing Global Utility

The Gemini announcement reflects the growing momentum around XRP and the XRP Ledger in mainstream finance. Institutions such as abrdn, Braza Bank, Société Générale–Forge, Vert, and Guggenheim Treasury Services have begun adopting or experimenting with XRPL applications, citing its scalability and low fees.

Ripple and the broader XRPL community continue to position XRP as a currency for real-world settlement and payments, particularly across borders where legacy systems remain expensive and slow.

With 55 million Americans now owning cryptocurrency, products like the Gemini XRP Credit Card and RLUSD integration offer a tangible bridge between digital assets and everyday financial life. For consumers, it turns routine spending into a way to accumulate crypto exposure, while for Ripple and Gemini, it represents a strategy to further embed XRP into the payments ecosystem.

Gemini’s launch of the XRP edition credit card and the expansion of RLUSD availability mark a significant step in blending traditional financial products with digital assets.

By offering crypto rewards in XRP and enabling RLUSD as a trading base, Gemini is both catering to the XRP community and appealing to a wider audience of crypto users seeking flexibility, utility, and long-term value potential.