Ripple, the company behind XRP, is in the spotlight as Omar, a cryptocurrency investor, shared a credit agreement between the company and Gemini. In a post on X, Omar noted that Ripple has evolved into a multi-layered financial services company. Ripple Expands Beyond XRP With $75M Gemini Credit Agreement Notably, in an IPO filing by Gemini detailing the credit agreement between the exchange and Ripple, the XRP parent company acts as a financial backer. This allows Gemini to lend from Ripple up to $75 million in total. The lending request will have to be a minimum of $5 million per request. This suggests that the firm has progressed from just being the name behind the XRP cryptocurrency. The company has more involvement in traditional-style financial operations. According to Omar, Ripple is making rapid progress in the financial services sector with a range of investments. “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),” he noted. Ripple’s EVM chain (XRPL EVM), which it added to the Ethereum Virtual Machine-compatible chain, enables developers to build decentralized apps on Ripple. These are carried out using Ethereum smart contracts. XRP Positioned for Role in Global Financial Infrastructure Another major move Ripple has made is the launch of its own USD stablecoin (RLUSD) in December 2024. At the launch, Ripple maintained it has a vision to take on industry leaders like Tether (USDT) and Circle (USDC). RLUSD serves as a native digital dollar for payments. Other major moves like the PSP (Rail) push the firm’s influence in the digital payment and settlement space. Omar insists that these different moves are strategically targeted by Ripple. He maintains that Ripple is not just building pieces of financial services but weaving them together and turning XRP into a “full stack financial services firm.” This will make XRP not just a token but part of a much larger, complete financial infrastructure. It could position the asset to rival other traditional finance systems. XRP’s Price Outlook In the crypto market, XRP has maintained stability in the last 48 hours above the $3 level. The asset in the last seven days slipped below the critical support amid volatility. As of this writing, XRP is trading at $3.01, representing a 0.13% decline in the last 24 hours. Holders, however, remain bullish that XRP will record bullish gains soon and rally to higher levels. The post Ripple Evolving Into a ‘Full-Stack Financial Services Firm’: Expert Claims appeared first on TheCoinrise.com .
