RippleX calls XRP as collateral for institutional lending a key use case
- —The XLS-65 and XLS-66 protocols are already available on the XRP Ledger
- —Ripple Prime accepts XRP as collateral alongside BTC, RLUSD, gold and bonds
- —Clearpool has issued $930 million and Cicada Partners $860 million in institutional loans
- —RLUSD's market capitalization is about $2.42 billion
Why it matters: XRP is transforming from a payment asset into institutional collateral, which could boost demand for the token.
Source: BeInCrypto ES