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XRP Becomes Collateral Asset on Major Crypto Lender

XRP Becomes Collateral Asset on Major Crypto Lender
Maple Finance, a major institutional cryptocurrency lender, has completed its first loan deal with XRP as collateral. The seven-figure USDC loan contract was facilitated by asset manager Digital Wealth Partners. The deal showcases that XRP holders can access tailored financing while lenders can benefit from new collateral at attractive Loan-to-Value (LTV) rates. This opens new avenues for liquidity management for institutions holding XRP. Maple Finance offers crypto-collateralized loans to accredited investors and DeFi services on the Syrup.fi protocol. The XRP price is attempting to stay above $3 after reaching a seven-year high at $3.35.

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