TLDR
- Gemini credit facility with Ripple increased from 150 million to 250 million
- RLUSD must reach 50 million in Gemini wallets under updated agreement terms
- Gemini must pledge 20% of loan balance in RLUSD as collateral
- Interest rate increased from 6.5% to 7% after amendment
- Rate may rise to 10% if balance exceeds 150 million after July 2022
Ripple Labs and Gemini have expanded their financial partnership, placing RLUSD at the center of a growing credit agreement. With the lending cap raised to 250 million dollars, Gemini must meet new RLUSD balance and collateral requirements. The move ties stablecoin activity directly to borrowing and platform liquidity, signaling stronger integration.
Ripple and Gemini expand credit agreement terms
Ripple and Gemini have expanded their financial partnership through an updated credit agreement. The deal now places RLUSD at the center of the arrangement. This change connects lending activity with stablecoin usage across Gemini’s platform.
The original agreement began in July 2025 with a 75 million dollar warehouse credit facility. It supported Gemini’s credit card receivables program. The facility allowed growth up to 150 million dollars based on performance.
In December 2025, both firms amended the agreement. The lending cap increased to 250 million dollars until July 1, 2026. The interest rate also rose from 6.5% to 7%.
The updated structure introduces new conditions tied to RLUSD. Ripple can limit further borrowing if these conditions are not met. This adds tighter controls within the agreement.
RLUSD requirements tied to lending and collateral
The amended deal requires Gemini to hold RLUSD within its exchange wallets. The required balance must reach at least 50 million dollars. This condition was set for January 11, 2026.
Gemini must also use RLUSD as collateral. The requirement is set at 20 percent of the outstanding loan balance. This must be maintained under approved custody arrangements.
The agreement also includes RLUSD activity rules. These rules require minimum levels of usage within the platform. Failure to meet them may lead to penalties or default conditions.
These measures link borrowing access with RLUSD adoption. They also connect liquidity needs with stablecoin activity. This creates a direct relationship between credit use and token demand.
Loan usage and repayment activity in 2025
Gemini used the credit facility actively during 2025. The company drew down 392.6 million dollars over the year. At the same time, it repaid 238.5 million dollars.
By the end of 2025, Gemini had unused borrowing capacity remaining. The available amount stood at 95.9 million dollars. This shows continued access to liquidity under the agreement.
The loan is backed by credit card receivables. At year-end, 188.8 million dollars in receivables were pledged as collateral. This structure supports the lending framework.
Future terms include stricter conditions if balances remain high. If the loan exceeds 150 million dollars after July 2, 2026, the rate rises. The interest rate would increase to 10 percent.
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