Breaking Coin | XRP Becomes Collateral Asset on Major Crypto Lender

XRP Becomes Collateral Asset on Major Crypto Lender Click to Buy All Coins with 10% Commission Discount with Credit or Debit Card. Mexc https://bit.ly/40fDloQ , Bitget https://bit.ly/3EvMUo1, Click link : https://u.today/xrp-becomes-collateral-asset-on-major-crypto-lender to read the original text on U.Today ( News, Price Analysis, Trading Guide, Crypto ) _______ XRP owners can now borrow USDC on institutional lender Maple Finance Maple Finance, a major institutional cryptocurrency lender, shared details of a recently completed pioneering loan deal with the XRP crypto as a collateral. The seven-figure USDC loan contract was facilitated by the Digital Wealth Partners asset manager. XRP as collateral for USDC: Massive loan deal completed on Maple Finance The platform's first loan deal with the XRP cryptocurrency collateralized was completed by Maple Finance, an institutional-grade digital assets lender. Pledging the Ripple-linked large-cap coin, the client managed to obtain borrowed USDC, a Maple Finance statement said today, Jan. 18, 2025. Details of the deal were unveiled by Matthew Snider, CIO of Digital Wealth Partners, an asset management firm behind this deal. As shared by Snider on X, the exact amount of the loan was in the "seven-figure" zone and the entire procedure only took three business days: Excited to announce that Digital Wealth Partners facilitated a 7-figure loan with Maple Finance powered by XRP and USDC. In just 3 biz days, we turned client assets into actionable liquidity, driven by smart contract repayments and backed by institutional custody for increased security The loan deal was completed with the liquidity from Maple Finance's High Yield Secured Pool. Maple Finance representatives stated that this deal yet again showcased that XRP holders can seamlessly access tailored financing while lenders can benefit using new collateral at attractive Loan-to-Value (LTV) rates. The platform offers crypto-collateralized loans to accredited investors upon KYC checks. For other potential clients, Maple Finance offers DeFi services on the Syrup.fi protocol. Operations with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and USDC are available on both products. More opportunities for XRP in coming bull run XRP-backed loans in USDC open new avenues for liquidity management for institutions holding the Ripple-linked cryptocurrency. In this bull cycle, analysts and insiders foresee more instruments to be unlocked for the XRP Army in both private and institutional segments of Web3. As covered by U.Today previously, cryptocurrency entrepreneur Austin King, who sold his company to Ripple six years ago, highlighted the potential of XRP for tokenization of RWAs and money transfers between banks. Ripple's increasing bet on in-house custody solutions and cross-chain value transfer mechanisms demonstrates the firm's ambitions in the segment, King opined. As of press time, the XRP price is attempting to stay above $3 after hitting a seven-year high at $3.35 last week. _______ XRP ripple news, ripple analysis, you can find breaking news, comments on cryptocurrencies on this channel, please subscribe to not miss the next XRP ripple news. XRP currency, XRP news, ripple news, ripple price, XRP ripple prediction, XRP ripple analysis _______ Disclaimer, The information provided on this video does not constitute investment advice, financial advice, trading advice, for informational purposes only, you should not treat any of the video's content as such. Please, consult your financial advisor before making any investment decisions. #breakingcryptonews