Ripple's significant rlusd stablecoin deployment to gemini suggests imminent progress on its credit card settlement pilot with mastercard, utilizing the xrp ledger. while rlusd isn't xrp, increased utility and institutional adoption of the xrp ledger are positive for xrp's ecosystem.
The information is based on verifiable on-chain transactions to a gemini-labeled address and aligns with previously announced partnerships involving ripple, mastercard, and gemini for rlusd on the xrp ledger.
The large rlusd deployment to gemini for potential credit card settlements on the xrp ledger indicates growing real-world utility and demand for the xrp ecosystem, which is fundamentally bullish for xrp's value.
While the funds are currently for 'predeployment positioning' and awaiting regulatory clearance for full launch, the full price impact will be realized over the longer term as the mastercard-gemini partnership leveraging rlusd on the xrp ledger becomes operational.
Cover image via U.Today Read U.TODAY on Google News Ripple's stablecoin arm just put another $40,000,000 into the market in two back-to-back transactions , both initiated by the RLUSD Treasury. The money was sent straight to a Gemini-labeled address, a top U.S. crypto exchange led by the Winklevoss brothers. Advertisement Now this wallet is sitting on over 98.3 million RLUSD. Of course, this has everybody in the XRP community talking about what companies might be doing with it. Issued to Gemini 1 now holding 98,332,963.64949 RLUSD. https://t.co/MvX638w0Un HOT Stories Ripple-Backed Evernorth to Expand XRPL Adoption Crypto Market Review: Worst Shiba Inu (SHIB) Denial Since September 2025, This Can Save Bitcoin (BTC), Ethereum (ETH) Price in Good Spot Now Too Quiet? Bitcoin Volatility Hits Record Low Morgan Stanley Extends Huge Crypto Week with Wallet Announcement — XRP_Liquidity (ETF 1Y 39.8B = Max 54.4B) (@XRPwallets) January 9, 2026 The mint was split into two equal parts, each 20 million RLUSD. There was no public announcement for the event, and there has not been any movement to exchanges or retail wallets so far. The stablecoin's market cap is still at $1.33 billion, with a 24-hour volume of $110.7 million and 1.33 billion RLUSD in total supply. Advertisement The timing of this is certainly interesting. Back in November, Ripple was confirmed to be working with Mastercard, Gemini and WebBank on a pilot for credit card settlement using RLUSD on the XRP Ledger . They were reportedly waiting for regulatory clearance to roll it out fully. Not test for Ripple and Gemini There are not any official wallet tags or explorer labels that connect today's recipient to that pilot, but the scale of issuance and the known connection to the top U.S. exchange have not gone unnoticed. You Might Also Like Fri, 01/09/2026 - 05:26 Ripple-Backed Evernorth to Expand XRPL Adoption By Alex Dovbnya Advertisement It is not clear if this is something that has been planned before the official launch of the Mastercard-Ripple-Gemini partnership or if it is a separate move to manage liquidity. But with almost $100 million in stablecoins just sitting around in one Gemini-linked wallet, it seems like the $40 million follow-up is more like predeployment positioning, not a test. #Ripple News #XRP News #XRP