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Crypto

Ripple targets $10 billion private credit market with institutional lending on XRP Ledger

Ripple is moving to target the global private credit market worth more than $10 billion by adding institutional lending to the XRP Ledger. The RippleX development team plans to work with Clearpool Finance and Cicada Partners to introduce the feature. Loans would use Ripple’s regulated stablecoin RLUSD, while key processes would run on XRPL, requiring XRP for fees and wallet reserves. The plan also includes protocol-level security measures and identity and clawback features, with mainnet timing not yet set.

Crypto

XRP holders can borrow RLUSD without selling as Flare\'s FXRP enters Ethereum loan collateral

A new route has opened for XRP holders to borrow Ripple’s stablecoin RLUSD without selling their holdings. Flare’s XRP-based asset FXRP was approved as collateral in Centora’s RLUSD main vault, marking the first inclusion of an XRP-based asset in an institution-screened Ethereum lending vault. Users can convert XRP to FXRP on Flare, move it into the Ethereum ecosystem and deposit it on Morpho to borrow RLUSD.

Crypto

Circle subsidiary wins New York limited purpose trust charter

Circle subsidiary Circle Internet Trust Company LLC has received a limited purpose trust charter from the New York State Department of Financial Services. The charter allows the unit to exercise trustee powers and provide custody services under New York banking law, Cointelegraph reported. The license does not allow deposit-taking or lending like a traditional bank, but permits trustee work and other services. Circle CEO Jeremy Allaire called it a long-held goal.