Ripple is advancing a proposal to introduce collateralized lending for institutional investors on the XRP Ledger, aiming to attract institutional capital. Meanwhile, stablecoin adoption is accelerating in South Korea and Japan, with major apps and financial groups launching new products. These developments come as ETF investors shift funds away from Bitcoin and Ethereum toward select altcoins, with XRP emerging as a beneficiary.
Institutional lending on XRPL gains traction
Ripple is backing a proposal to bring lending functionality to the XRP Ledger specifically designed for institutional investors. The system would allow borrowing against stablecoins and tokenized assets as collateral, with credit checks conducted off-chain. This move is seen as a key step to lure institutional money into the XRP ecosystem, providing a foundation for more sophisticated financial services on the ledger.
ETF flows show rotation into XRP
Data from Farside Investors reveals a clear divergence in ETF flows during the week of June 22-26. U.S. spot Bitcoin ETFs saw net outflows of approximately $1.79 billion, while Ethereum ETFs recorded $273.5 million in outflows. In contrast, the XRP spot ETF posted net inflows of $22.99 million, and HYPE-related products attracted $111.4 million. SOL-related products saw a slight negative flow. This suggests investors are rotating out of the largest cryptocurrencies and into select altcoins, with XRP serving as a key test case.
Stablecoin adoption spreads in Asia
South Korea's leading financial app Toss, which has about 30 million users, has begun testing next-generation payment infrastructure using a won-pegged stablecoin. In Japan, yen-denominated stablecoins are gaining ground. JPYC, a yen stablecoin, has already been adopted for shareholder benefits by listed companies. SBI Group launched JPYSC in June, Japan's first trust-type yen stablecoin. Additionally, SBI partnered with Ripple to officially launch the U.S. dollar-pegged stablecoin RLUSD in Japan, positioning SBI as the fastest mover in domestic stablecoin infrastructure development.