COINDESK · 2026-11-12 05:19 UTC

Ripple's bank-lending system moves closer to launch on the XRP Ledger

Ripple's lending system for banks and payment companies has gained three XRP Ledger validator votes in three weeks, leaving it seven short of the 29 needed to start a two-week launch countdown. As of Wednesday, LendingProtocol and its patch had 22 yes votes each, and SingleAssetVault had 23, which lending depends on for its deposit pools. The system relies on off-chain underwriting, leaving depositors protected only by the loan broker's judgment and first-loss capital, while ConfidentialTransfer and DynamicMPT votes declined.

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