TL;DR
- Gemini added the RLUSD stablecoin to the XRP Ledger and introduced a faster, lower-cost settlement framework for users operating across chains.
- The integration allows RLUSD deposits and withdrawals on XRPL or Ethereum. It also offers a 4% yield through staking.
- Gemini Titan secured a DCM license to operate prediction markets in the US.
Gemini expanded its infrastructure by integrating the RLUSD stablecoin into the XRP Ledger, a move that reshapes its settlement framework and places the protocol within a network designed for speed and low fees.
The integration enables users to deposit RLUSD on XRPL and withdraw the asset on either XRPL or Ethereum, while providing an annual yield of up to 4% for those who choose to stake. This step followed regulatory approval for the collaboration between Ripple, Mastercard, WebBank, and Gemini to use RLUSD as a settlement asset in transactions linked to the company’s credit card.
Fixed Yields and More Interoperability
The partnership emerged in November with a clear objective: to establish a payment mechanism that brings traditional transactions onto a blockchain layer without altering the end-user experience. Mastercard explained that RLUSD will act as a bridge for settling purchases made with the WebBank-issued credit card.
Gemini presented this phase as a step toward integrating digital assets into everyday spending through a structure that combines an active card program with a decentralized infrastructure.
The design aims to allow users to move RLUSD across chains without restrictions and maintain the same operational behavior regardless of the network they choose. The token’s growth has been strong: RLUSD reached a $1.02B market cap, a 1,200% increase year-to-date, after surpassing $500M in its first seven months of circulation.
Gemini Positions Itself in Prediction Markets
In parallel, Gemini Titan obtained a DCM license from the CFTC after a five-year approval process. This authorization opens the door to prediction markets for US customers, with event contracts operable through the web interface and mobile access coming later. The team framed this approval as a natural expansion of the regulated ecosystem it is building, combining traditional financial services with market mechanisms based on blockchain technology.
News of the RLUSD integration briefly pushed XRP toward $2.1, but the token pulled back after trading volume climbed to 172.8M units, a 205% increase over the daily average that highlighted dominant institutional activity. The price fell to $2.02 in recent hours despite positive inflows into US spot ETFs, which added more than $170M over the past week.
