XRPL Eyes $100B Boost as Evernorth Prepares XRP Lending

TLDR

• Evernorth plans to launch native XRP lending directly on the XRPL.
• The initiative depends on the proposed XLS-66 amendment, which remains under validator review.
• XLS-66 requires an 80% supermajority vote from XRPL validators to activate.
• The framework would enable fixed-term and fixed-rate XRP loans on-chain.
• The proposal removes the need for external smart contracts, bridging, or asset wrapping.

Evernorth plans to launch native XRP lending on the XRP Ledger (XRPL), targeting up to $100 billion in idle liquidity. The initiative relies on the proposed XLS-66 amendment, which embeds lending directly into the ledger. The amendment remains in validator voting and requires an 80% supermajority to activate.

XRPL and Evernorth Advance Native XRP Lending Framework

Evernorth holds 473 million XRP in its treasury and plans to deploy this reserve within the XRPL lending market. The company aims to act as a core liquidity provider once validators approve XLS-66. Diana reported that the firm is preparing infrastructure ahead of a potential activation. She stated that the amendment could unlock up to $100 billion in sidelined XRP capital.

The proposed XLS-66 amendment integrates a lending framework directly into the XRPL protocol. Therefore, developers would not rely on external smart contracts for loan execution. The system would support single-asset XRP vaults with fixed-term and fixed-rate structures. It would also automate repayments on-chain while keeping all transactions within the native ledger.

XLS-66 Proposal Sets Terms for On-Chain XRP Loans

XLS-66 introduces zero-knowledge proofs to protect user privacy during lending operations. At the same time, the framework maintains on-chain transparency for verification. The proposal removes the need for asset bridging or wrapping during loan issuance. As a result, participants would interact with XRP directly inside the XRPL environment.

The framework targets institutional participation with built-in custody and counterparty controls. Institutions could deploy XRP liquidity without external platforms or third-party contracts. The ledger would handle loan creation, collateral management, and repayment processes. However, validators must still approve the amendment before these functions become active.

XRPL validators continue to vote on the XLS-66 amendment under standard governance rules. The amendment requires at least 80% approval to move into activation. Until that threshold is reached, the lending framework will remain inactive. The network will not process native XRP loans under XLS-66 before final approval.

Over 50% of XRPL activity currently comes from payment transactions. At the same time, stablecoin usage on the network continues to expand. RLUSD has driven a large share of recent transaction volume across the ledger. Since December, total stablecoin supply on XRPL has surpassed $570 million.

XRPL developers have also integrated AI-driven monitoring tools into the protocol. These systems scan for vulnerabilities before deployment to production. The network aims to detect and neutralize threats through automated analysis. Validators will determine the outcome of XLS-66 through the ongoing voting process.

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