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The XRP Ledger is currently voting on XLS-65 and XLS-66, a pair of proposals that would enable institutional credit using XRP as collateral and Ripple USD (RLUSD) as the settlement asset.
The vote has reached a quorum exceeding 30%, and XRP has risen by more than 4% in the past 24 hours.
The development raises the question of whether this upgrade will unlock significant liquidity for holders who have previously been unable to use their assets on-chain.
Evernorth, a digital asset treasury focused entirely on XRP, has stated its intention to use this feature if the proposal is passed.
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