XRP Ledger Goes Autonomous with Native Lending and Privacy

The XRP Ledger is undergoing significant upgrades with the introduction of native lending and privacy tools. According to Vet, Head of Community at the XRPL Foundation and dUNL validator, this marks a shift towards a fully autonomous mode for the network. The built-in DeFi stack will enable institutions and retail investors to operate directly out of the box, bypassing third-party smart contracts and intermediaries.

The upgrades include the XLS-0096 amendment, which introduces 'accountable privacy' based on the Multi-Purpose Token MMPT standard. This technology encrypts balances and transaction amounts from third parties while preserving transparency for issuers and regulators. The tool is also enhanced by Permission Delegation, allowing banks and funds to securely delegate trading on private DEXs (pDEXs) without exposing wallet private keys.

The lending sector is being developed through the XLS-65 and XLS-66 amendments, with Ripple's official partnership with Clearpool and Cicada Partners driving the commercial aspect. The alliance is launching institutional lending pools backed by the native RLUSD stablecoin, allowing major market participants to borrow at fixed interest rates directly through the ledger.