XRP Takes Center Stage: Major Crypto Lender Approves Groundbreaking Loan Deal!

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Maple Finance, one of the leading institutional cryptocurrency lenders, disclosed information about a groundbreaking loan agreement they’ve recently finalized, where XRP digital currency served as collateral. This sizeable loan, denominated in USDC, was orchestrated by Digital Wealth Partners, a key asset manager in this field.

XRP as collateral for USDC: Massive loan deal completed on Maple Finance

Maple Finance, a reputable digital asset lender, recently finalized its initial loan transaction using XRP as collateral. By pledging this significant Ripple-linked coin, the client successfully secured a loan of USDC from Maple Finance, according to a statement released today, January 18, 2025.

After gaining approval to use $XRP as collateral, Maple’s High Yield Secured Pool has completed its initial loan offering that is backed by XRP and provides USDC. This development now allows borrowers to secure customized financing using their XRP holdings. Lenders, in turn, can take advantage of this new liquid collateral at competitive Loan-to-Value (LTV) ratios. For further details, reach out to the Maple team.

— Maple (@maplefinance) January 17, 2025

The specifics of the transaction were disclosed by Matthew Snider, who is the CIO at Digital Wealth Partners – the company involved in this deal. According to Snider’s statements on X, the loan size was within the “seven-figure” range and the entire process, including completion, took just three business days.

Thrilled to share that Digital Wealth Partners successfully arranged a substantial loan of seven figures through Maple Finance, utilizing XRP and USDC. Within three business days, our clients’ assets were transformed into usable liquidity, with smart contracts managing the repayments and institutional custodians ensuring enhanced security.

The loan deal was completed with the liquidity from Maple Finance’s High Yield Secured Pool.

maple finance officials emphasized that the transaction underscores the ability of XRP investors to conveniently acquire custom financing, with lenders simultaneously gaining an advantage through the use of novel collateral at competitive Loan-to-Value (LTV) ratios.

The system provides secured loans using digital currencies to verified investors after identity verification, while for other prospective users, Maple Finance delivers Decentralized Finance solutions via the Syrup.fi protocol. Both services support transactions with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and USDC.

More opportunities for XRP in coming bull run

Holding Ripple-associated cryptocurrency just got more flexible with the introduction of XRP-collateralized loans in USDC, paving the way for improved liquidity management among institutions. In this flourishing bull market, experts and industry insiders anticipate the emergence of additional tools for the XRP community, spanning both individual and institutional sectors within the Web3 ecosystem.

Previously mentioned by U.Today, Austin King – a notable figure in the cryptocurrency industry who was acquired by Ripple six years back – emphasized the possible use of XRP in the tokenization of Real-World Assets (RWAs) and facilitating cross-bank money transfers.

According to King, Ripple’s growing investment in internal custody services and cross-border value transfer technologies shows that they are aiming for prominence within this sector.

Currently, as we speak, the value of XRP is making an effort to remain over $3, having reached a peak of $3.35 in the past week that marked a seven-year high for it.

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2025-01-18 15:50