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%Cryptocurrency exchange %Gemini, run by twin brothers Cameron and Tyler Winklevoss, has teamed up with %RippleLabs to launch an XRP (CRYPTO: $XRP ) credit card.

The new credit card, which is one of several Gemini cashback cards, allows holders to earn up to 4% back in XRP on gasoline purchases, electric vehicle charging, and ridesharing.

The card also gives users 3% back in XRP on dining, 2% on groceries, and 1% on other transactions.

The XRP credit card, which has been launched in collaboration with Ripple Labs, comes ahead of Gemini's upcoming initial public offering (IPO).

The exchange is also broadening the use of the Ripple USD (RLUSD) stablecoin that currently has a $680 million U.S. market capitalization.

Gemini has also started offering trading with tokenized U.S. stocks and obtained a license in Malta to expand its footprint in that region of the world.

Gemini plans to list on the Nasdaq exchange under the ticker symbol "GEMI." An exact date for the IPO hasn't been announced.

In its last round of private financing, Gemini was valued at $7.1 billion U.S. The company is expected to raise about $400 million U.S. from its stock sale.

The company, which was founded by the Winklevoss twins, revealed in its IPO prospectus a $282 million U.S. net loss in this year's first half.

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