Ripple plans to let payment customers borrow against XRP held in lending pools instead of selling it, President Monica Long said at an industry event in Seoul. The company has started testing the concept, with a broader rollout targeted for 2027.
Ripple will let payment customers borrow against XRP held in lending pools as collateral for short-term financing, according to President Monica Long. She made the comments at XRP Seoul on October 3.
Eligible institutions could fund payment obligations without selling their underlying XRP. The XRP would instead serve as collateral in the lending pools. Ripple has reportedly begun testing the concept, with broader deployment targeted for 2027.
The service remains in development, and Ripple has made no commitment to process trillions of dollars through XRP. Its eventual impact will depend on institutional adoption, collateral requirements, and how the lending pools are implemented.
Source: Coinpedia Fintech News (snippet-based)
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