Ripple Launches XRPL Lending Protocol; Developers Can Test on Devnet Starting Today

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According to BlockBeats, on June 29, Ripple launched the XRPL Lending Protocol, a on-chain credit infrastructure for tokenized assets. The protocol separates credit assessment, which remains off-chain, from execution, which is standardized on-chain. It consists of two components: the Single Asset Vault for pooled management of individual assets, and the Lending Protocol for issuing loans with explicit terms. Developers can now test the protocol on devnet.
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