Gemini Secures Liquidity Boost Ahead of IPO Through Ripple Deal

Gemini, the crypto exchange preparing for its initial public offering (IPO), has secured a significant funding lifeline from Ripple. Details revealed in the company’s S-1 filing show that Ripple will provide liquidity support through a flexible facility allowing Gemini to borrow up to $75 million initially. The agreement is designed for expansion and allows Gemini to access loans in Ripple’s RLUSD stablecoin, potentially reaching a credit limit of $150 million under certain conditions.