Ripple Sees a New Role For XRP
Institutional credit remains largely untapped in onchain finance despite growing interest from financial firms.
Ripple product head Jazzi Cooper believes this could become a major use case for ripple:native.
The XRPL's Lending Protocol enables fixed term loans using funds pooled through Single Asset Vaults.
Borrowers can undergo offchain underwriting while the lending activity itself operates through XRPL infrastructure.
A Lending Protocol update is also expected with XRPL 3.4.0 next week.