Independent XRP Ledger validators have begun voting on the XLS-65 and XLS-66 amendments, which will enable institutions to borrow directly on the blockchain without relying on vulnerable third-party smart contracts. Current support stands at 34 to 37 percent, while 80 percent is required for adoption. Ripple has formed an alliance with Clearpool for private pools and Cicada Partners for borrower verification, with settlement denominated in the RLUSD stablecoin. If the amendment passes, XRP holders will be able to pool their assets in Single Asset Vaults to generate real yield, while each lending transaction will burn network fees in XRP. Ripple is also seeking a master account with the U.S. Federal Reserve through its Standard Custody subsidiary to accelerate fiat settlements.
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