Ripple has proposed a lending protocol on the XRP Ledger, enabling banks and payment providers to borrow against tokenized assets directly on-chain, providing institutional liquidity solutions.
Ripple Proposes XRPL Lending Protocol
Ripple, the payment company known for cross-border settlement solutions, has proposed a new lending protocol on the XRP Ledger (XRPL). This protocol would allow banks and payment providers to engage in collateralized lending directly on the XRPL using tokenized assets. The initiative aims to offer on-chain liquidity solutions for financial institutions, leveraging the open-source blockchain network that powers the XRP token. This development could expand XRPL's role in decentralized finance (DeFi) and institutional lending.
Source: CoinDesk
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