$XRP It once again came to the forefront after being cited as an example of a product in guidance documents issued by the SEC and CFTC, and an important statement was made by the CEO of Ripple Prime.
In an interview with Digital Ascension Group’s Jake Claver, Ripple Prime CEO Mike Higgins said: $XRP It may be used as institutional collateral.
Ripple Prime CEO said: $XRP It is used as collateral for institutional transactions. Higgins said institutions are now proactively $XRP as collateral to access traditional financial markets.
The statement comes in response to community criticism that Ripple is prioritizing its native stablecoin RLUSD following its acquisition of Hidden Road. $XRP.
Higgins explained that Ripple Prime accepts. $XRP It can be used not only as a means of payment but also as collateral.
The CEO emphasized:$XRP “It plays an important role in helping institutions borrow money and $XRP It is held as collateral. ”
At this point, Higgins added, institutional investors can provide liquidity without selling. $XRPthus expanding $XRPuse case.
Ripple has announced the addition of Hyper Liquid (HYPE) to Ripple Prime, its leading securities trading platform for institutional investors.
*This is not investment advice.