Flare CEO Hugo Philion argues that Ripple CTO David Schwartz underestimates the lending potential on the XRP Ledger (XRPL). While Ripple's native lending protocol XLS-66 remains stalled, Flare has developed a workaround using Protocol Managed Wallets and its Confidential Compute stack, enabling lending directly from native wallets without cross-chain risks. Flare's platform has already facilitated $7.2 million borrowed in RLUSD stablecoin using 10.8 million wrapped XRP as collateral, demonstrating strong demand. Flare plans to continue building lending solutions on its side to bring smart contract capabilities to XRPL users without waiting for Ripple's upgrades.
Following the discussion on XRP lending potential, XRP trades at Rp25.662 on Pluang, down 4.48% as of Oct 07, 2026 23:32 WIB, with a market cap of Rp1.613,94 trillion. Meanwhile, Flare's token FLR is priced at Rp126, down 2.60%, showing strong buy interest with 100% buy order activity and a typical hold time of 36 days, reflecting active engagement from Pluang users.
The crypto market cap fell 3.8%, losing about $115.5 billion in value, with Bitcoin down 4.3%, Ethereum 5.8%, XRP 6.3%, and Solana 4.9% over 24 hours. This decline is attributed to a leverage flush as traders closed long positions ahead of Federal Re...
XRP's price dropped below critical support between $1.45 and $1.55 due to a large liquidation of over-leveraged long positions, totaling $12.82 million out of $13.31 million liquidated. This unusual imbalance favors short-sellers in the short term, b...
The share of circulating XRP tokens in profit has reached 57.17%, the highest level since January, as XRP trades near $1.51. This metric shows the portion of XRP last bought below the current price, indicating more holders are in profit amid recent p...
Dogecoin led losses among major cryptocurrencies, dropping about 7% to $0.089 as Bitcoin, Ethereum, and XRP also declined amid a broad market selloff. The selloff is linked to rising oil prices above $100 per barrel, higher U.S. Treasury yields surpa...
Ripple recently minted $30 million worth of RLUSD stablecoins following a $59.5 million issuance over two days, reflecting active minting and burning tied to customer deposits and redemptions. RLUSD's market cap has grown to about $2.5 billion, domin...
