Ripple Chosen by Gemini for Credit Line Ahead of IPO
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最新报道：Gemini has secured a $75 million credit facility from Ripple Labs, with potential expansion to $150 million, as revealed in its recent S-1 filing. The exchange can borrow in $5 million increments at up to 8.5% annual interest, initially in USD but potentially using Ripple's RLUSD stablecoin for additional funds. This arrangement may boost RLUSD adoption. Meanwhile, Gemini's IPO filing shows significant financial challenges, with $162 million cash reserves against over $2 billion liabilities as of mid-2025. Ripple confirmed it has no immediate IPO plans despite its prominent private status.
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