Flare CEO Claims New Infrastructure Could Unlock Passive XRP Lending
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.5 Articles
5 Articles
XRP Lending Debate Heats Up Before Native Tools Launch
The post XRP Lending Debate Heats Up Before Native Tools Launch appeared first on Coinpedia Fintech News The XRP lending race is already underway, even though the XRP Ledger’s native lending feature hasn’t launched. Ripple CTO Emeritus David Schwartz and Flare CEO Hugo Philion have sparked a friendly debate over just how big the opportunity could become. The disagreement highlights a bigger question: should developers wait for native tools, or b…
Flare CEO Hugo Philion bet that XRP borrowing would exceed David Schwartz's prediction. $7.95 million worth of RLUSD was borrowed in exchange for FXRP, while the XLS-66 vote is ongoing.
Flare CEO Claims New Infrastructure Could Unlock Passive XRP Lending
TL;DR Flare CEO Hugo Philion challenged Ripple CTO David Schwartz, claiming he underestimates the real potential of XRP lending. Through Protocol Managed Wallets and Flare Confidential Compute, the infrastructure has already channeled $7.2 million in loans backed by 10.8 million Wrapped XRP....
Key points of the news: Flare CEO Hugo Philion challenged Ripple CTO David Schwartz, claiming that he underestimates the real potential of XRP loans. Through Protocol Managed Wallets and Flare Confidential Compute, infrastructure already channelled $7.2 million in loans backed up with 10.8 million Wrapped XRP. The infrastructure has been able to ... Read more
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
