XRP (CRYPTO: XRP) is approaching a pivotal technical level, even as Ripple unveiled a new lending protocol aimed at expanding the XRP Ledger’s institutional financial infrastructure.
Ripple Expands XRPL Into Credit Markets
In a Ripple blog post on June 29, Ripple introduced the XRPL Lending Protocol, an on-chain lending framework designed to expand the XRP Ledger into institutional credit markets.
This will enable loans backed by tokenized assets such as Treasuries, stablecoins, commodities and private credit without requiring holders to sell them.
Unlike traditional DeFi lending platforms, the protocol keeps credit underwriting, compliance and loan negotiations off chain while automating loan origination, interest accrual, repayments and default handling on chain.
