Evernorth's Native XRP Lending Plan Unlocks $100 Billion in Idle Capital

A proposal to introduce native XRP lending on the XRP Ledger has gained attention from crypto enthusiasts and experts. The plan, which involves treasury firm Evernorth, aims to unlock $100 billion in idle capital by enabling investors to earn yield directly on the ledger.

According to Evernorth's Chief Business Officer Sagar, earning yield natively on the ledger is significant because it eliminates the need for bridging, which can trigger taxable events and expose investors to risks associated with trusting external smart contracts.