Ripple Prime Raises $275M in Private Bond Sale with Possible XRP Collateral

Ripple Prime has reportedly raised $275 million through a private bond sale, which may use XRP as collateral. This move could allow Ripple to borrow against its XRP holdings without selling tokens, reducing market pressure from token sales.

The bond, rated BBB with an 8.25% coupon, suggests that Ripple is preparing for rapid expansion.

However, details on the collateral terms and XRP valuation remain unclear, making it uncertain how this affects Ripple's financial flexibility.