# XLS-66 Related Articles

HTX News Center provides the latest articles and in-depth analysis on "XLS-66", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

What Is The XLS-66 And What Does It Mean For XRP Holders?

Cryptocurrency expert James explains that the XLS-66 amendment on the XRP Ledger introduces an institutional lending protocol, not a simple deposit-and-earn system. XRP holders deposit tokens into single-asset vaults and receive MPT tokens representing their share. The redemption value of these MPT tokens increases over time as borrowers (banks, fintechs, payment providers) repay loans with interest. This interest remains in the vault, growing the pool's value. Loans are uncollateralized, short-term (30-180 days), and managed by off-chain underwriters. Validators are preparing to vote on this amendment, which is seen as a modern DeFi approach that minimizes on-chain risks. XRP price is currently around $1.46.

bitcoinist21h ago

What Is The XLS-66 And What Does It Mean For XRP Holders?

bitcoinist21h ago

How This Development Just Unlocked A $100 Billion Market For XRP

Crypto pundit Diana highlights plans by Evernorth to introduce native XRP lending on the XRP Ledger through the proposed XLS-66 amendment. This development aims to unlock up to $100 billion in idle capital by allowing investors to earn yield directly on the Ledger without bridging or wrapping XRP. The feature includes single-asset vaults, fixed-term loans, automated repayments, and enhanced confidentiality via zero-knowledge proofs. Currently in the validator voting phase, the amendment requires an 80% supermajority to pass. Once activated, it is expected to attract institutional investors by eliminating custody risks, avoiding taxable events from bridging, and leveraging the Ledger's native security. XRP is trading at around $1.34 at the time of writing.

bitcoinist04/02 00:32