Ripple’s rapid expansion across different sectors of the digital asset industry has drawn fresh attention after new disclosures tied to Gemini’s IPO. According to Omar, a crypto investor at Dragonfly, Ripple is no longer just a blockchain payments company but is evolving into what he described as a “full-stack financial services firm” built around the XRP ecosystem. This marks a significant milestone for Ripple, which continues to strengthen its position in the global financial and cryptocurrency landscape.
Ripple’s Credit Deal With Gemini Reveals Broader Ambitions
The Gemini IPO filing brought to light a credit agreement between the crypto exchange and Ripple. Under this arrangement, Gemini can make lending requests of at least $5 million, with a total limit of $75 million. Beyond this, the filing disclosed that once the initial commitment is surpassed, additional lending requests could be denominated in Ripple’s upcoming USD-based stablecoin, provided Ripple grants its consent.
Seeing Ripple’s credit agreement in the Gemini filing is a gentle reminder of the behemoth they’ve morphed into
Over the last ~1.5 years, they’ve bolted on a prime broker (Hidden Road), a PSP (Rail), an EVM chain (XRPL EVM), and a stablecoin (RLUSD)
Now we’re watching as they… https://t.co/e8I2BakVSx pic.twitter.com/f8PzoWbmtD
— Omar (@TheOneandOmsy) August 23, 2025
This agreement has a maximum ceiling of $150 million, showcasing Ripple’s willingness to commit significant capital to drive growth. Omar highlighted on X that this partnership is just one example of Ripple’s bigger strategy. He emphasized that the company is weaving together lending, payments, token infrastructure, and settlement services with XRP at the center of it all. The filing gives one of the clearest insights yet into Ripple’s ambition to build a complete financial stack within the blockchain economy.
By connecting credit, stablecoins, brokerage, and settlement, Ripple is shaping an integrated model that mirrors the operations of traditional financial conglomerates. For the wider crypto industry, the Gemini deal provides a rare glimpse into how Ripple is executing this vision. Omar stressed that the company’s efforts are often underestimated, despite its impressive execution. He remarked, “Seeing Ripple’s credit agreement in the Gemini filing is a gentle reminder of the behemoth they’ve morphed into… Now we’re watching as they weave it all together and turn XRP into a full-stack financial services firm.”
Strategic Deals Show XRP’s Expanding Utility
Ripple’s ambitions go well beyond the Gemini partnership. The company has made aggressive moves to expand payments and infrastructure services, reinforcing XRP’s practical use case. Recently, Ripple acquired Rail, a payments service provider, in a $200 million deal aimed at boosting XRP and RLUSD’s role in real-world settlement. This acquisition strengthens Ripple’s ability to connect digital assets with traditional payment rails and provides institutions with greater access to liquidity.
In addition, Ripple is moving into brokerage services through its acquisition of Hidden Road, a firm specializing in prime brokerage solutions for digital assets. Together with the integration of EVM on XRPL, these steps empower institutions to trade, borrow, settle, and tokenize directly within Ripple’s expanding ecosystem. This end-to-end structure enhances efficiency and places Ripple in direct competition with legacy financial systems.
Market analysts believe these moves could have a significant impact on XRP price momentum. Ali Charts recently speculated on the possibility of an XRP rally toward $3.60, suggesting that Ripple’s strategic acquisitions and partnerships could act as a catalyst for long-term growth.
Ripple’s Path Toward Becoming a Global Financial Powerhouse
Ripple’s acquisitions, credit facilities, and stablecoin integration highlight its determination to consolidate a wide range of services under one ecosystem. This positions the company not only as a blockchain innovator but also as a formidable competitor to traditional financial institutions. As Ripple continues to expand its infrastructure and forge new partnerships, XRP’s role as a core utility asset within this network becomes increasingly clear.
If Ripple maintains this pace of execution, its vision of becoming a full-stack financial services firm powered by blockchain and digital assets is not just possible—it is already unfolding. For both investors and institutions, Ripple’s trajectory signals a future where XRP and Ripple’s ecosystem play a central role in bridging crypto and global finance.
