Altcoins News
By Sakamoto Nashi
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Where the Vote Stands. XLS-65 has support from 8 validators. XLS-66 has 7. That's 22.
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What XLS-65 and XLS-66 Actually Do. The two amendments work together. XLS-65 introduces Single Asset Vaults.
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The Institutional Credit Play. The broader ambition here is a shift in what the XRP Ledger actually is.
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Ripple wants to turn the XRP Ledger into a full credit infrastructure. Two proposed amendments — XLS-65 and XLS-66 — would embed fixed-term institutional lending directly into…
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XLS-65 has support from 8 validators. XLS-66 has 7. That's 22.86% and 20% respectively — far short of the 80% threshold required for activation.
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Validator voting opened after the release of Rippled v3.1.0 earlier this year. Developers can already test the lending stack on devnet, so the technical groundwork is basically…
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XRP itself is trading near the $1.00 mark — a psychological level that traders have been watching. Whether the amendments pass probably won't move price on its own.
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The two amendments work together. XLS-65 introduces Single Asset Vaults. Liquidity providers deposit a single token — RLUSD, XRP, or tokenized U.S. Treasuries — into these vaults.
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XLS-66 builds the lending protocol on top of those vaults. It covers loan origination, interest accrual, and default enforcement.
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That split is kind of the whole point. Ripple isn't trying to replicate open DeFi here. The target is regulated financial institutions that need uncollateralized credit lines —…
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See also: Bank of Korea Governor Backs Tokenized Bonds and a Unified Ledger at ECB Forum
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Compliance is baked in hard. The architecture uses XRP Ledger's existing permissioned domains and credential verification tools to make sure only KYC/AML-compliant entities can…
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The broader ambition here is a shift in what the XRP Ledger actually is. Right now it's known as a payment rail — fast, cheap cross-border transfers.
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Uncollateralized lending is a big deal in traditional finance. Banks extend credit lines to each other and to corporates based on creditworthiness, not locked-up collateral.
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For now, developers are running tests on devnet. The lending stack is functional enough to integrate against.
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