Ripple Lends Gemini $75M as SEC IPO Filing Shows Heavy Losses

TLDR: Ripple agreed to extend Gemini a $75M credit facility, with terms expandable up to $150M, SEC filing shows. Gemini’s IPO filing confirms borrowing limits in $5M tranches, offering flexibility as the exchange manages losses. Part of the Ripple facility may be provided in RLUSD, highlighting its growing role in structured crypto financing. Gemini confirmed [...]

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