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Gemini and Ripple-Backed XRP Mastercard Set for August Launch with WebBank

Gemini and Ripple-Backed XRP Mastercard Set for August Launch with WebBank

According to Gemini’s announcement, the new XRP credit card and RLUSD expansion highlight growing integration of crypto into everyday spending and trading across U.S. markets.

XRP
RLUSD

Fact Check
The provided evidence from multiple sources consistently confirms that a Mastercard linked to XRP is being launched in August. The sources explicitly name Gemini, Ripple, and WebBank as the key partners, with Ripple providing financial backing and WebBank acting as the card issuer, aligning with all claims in the statement.
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Summary

According to Gemini’s official announcement, the exchange has launched an XRP credit card in partnership with Ripple, allowing U.S. cardholders to earn up to 4% back in XRP on gas, EV charging, and rideshare purchases, 3% on dining, 2% on groceries, and 1% on other purchases. Select merchants will provide up to 10% back through Gemini’s app. The initiative expands access to Ripple’s USD-backed stablecoin RLUSD, which has a $640 million market cap and is now a base currency for all U.S. spot trading pairs on Gemini. Gemini CEO Tyler Winklevoss described the card as a way for users to earn XRP, while Ripple CEO Brad Garlinghouse emphasized its role in connecting everyday spending to XRP and RLUSD. Gemini reported that users who held XRP rewards for at least a year saw gains of 453% as of July 2025, the highest among its reward currencies.

Terms & Concepts
  • XRP: The native digital asset used on the XRP Ledger; here, it serves as the rewards currency for Gemini’s new credit card.
  • RLUSD: Ripple’s USD-backed stablecoin, pegged 1:1 to the U.S. dollar and available for U.S. spot trading on Gemini.