Evernorth to Launch Native XRP Lending on XRPL—If Validators Approve

Evernorth is preparing to launch native XRP lending directly on the XRP Ledger (XRPL). The move relies on the proposed XLS-66 amendment, which would embed a lending framework into the protocol itself. Currently, the amendment has gained support from around 17% of validators, but far more is needed for activation. The XLS-66 amendment aims to bring fixed-term, fixed-rate XRP loans onto the ledger without external smart contracts or asset wrapping. It also introduces zero-knowledge proofs to keep user lending activity private. For the change to take effect, at least 80% of XRPL validators must approve it over two consecutive weeks.

Evernorth holds 473 million XRP in its treasury and plans to use this reserve for the new lending market. The company's push comes as stablecoin activity on XRPL grows, with total supply exceeding $570 million since December. Payments still dominate the network, accounting for over 50% of all transactions. The amendment would streamline borrowing and lending by removing the need for third-party bridges or wrapped assets. If approved, it could reshape how XRP is used for decentralised finance (DeFi) on the ledger.

The success of Evernorth's lending plans hinges on validator support for XLS-66. With only 17% consensus so far, the amendment remains far from the 80% threshold required. If activated, the change would mark a major step toward native DeFi functionality on XRPL.