FLR
−2.0%
RLUSD
−0.0%Ripple and Flare executives debate XRP Ledger lending potential
Image: BeInCryptoRipple CTO Emeritus David Schwartz and Flare CEO Hugo Philion are engaged in a friendly public debate over the potential scale of XRP Ledger lending. The XRPL's native XLS-66 lending proposal remains in validator voting, with no live native lending products launched to date. Flare has already deployed external lending infrastructure using wrapped XRP, recording $7.2 million in RLUSD stablecoin borrowed against 10.8 million wrapped XRP as collateral. Flare plans to deploy its own lending logic on its sidechain rather than wait for XRPL upgrades.
Key points
- Ripple CTO David Schwartz and Flare CEO Hugo Philion are debating XRP Ledger lending potential
- The XRPL's native XLS-66 lending proposal remains in validator voting with no live native products
- Flare plans to deploy its own lending logic on its sidechain instead of waiting for XRPL upgrades
Why it matters
The debate highlights competing approaches to building XRP Ledger lending, with Flare launching external products while the native XLS-66 proposal remains pending. This gives XRP ecosystem users early access to lending services via Flare infrastructure before native XRPL tools launch.
What's unclear
One report states XLS-66 is stalled at validator voting, while the other cites XRPL Commons saying XRP lending is about to go live
Price context · XRP
At publication
$1.39
Now
$1.39
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
BeInCrypto
Tier 2
David Schwartz vs. Flare CEO: How Big Can XRP Ledger Lending Get?
Coverage timeline
- First reported by U.Today
- Confirmed by BeInCrypto
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
