Ripple's Recent Move Could Alarm JP Morgan and Excite XRP Investors

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 24 2025

Ripple's Credit Line to Gemini: Ripple has extended a secured credit line of up to $150 million to Gemini, which is crucial for the exchange as it prepares for its Nasdaq IPO amidst significant financial losses.
Impact on RLUSD Adoption: The credit facility may facilitate the adoption of Ripple's stablecoin, RLUSD, especially if Gemini utilizes it for settling IPO transactions, similar to Ripple's previous involvement with Bullish's IPO.
Ripple's Bank Charter Application: Ripple has applied for a U.S. national trust bank charter, which could allow it to hold Federal Reserve reserves and offer FDIC-insured crypto deposits, potentially positioning it among the top 20 banks in the U.S.
Industry Opposition and XRP Benefits: Major banking organizations oppose Ripple's charter application, viewing it as a threat to traditional banking infrastructure; however, Ripple's strategy could enhance XRP's utility and market momentum through increased transaction activity.

About the author

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Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.