Maple locks $280M in XRP collateral and upcoming maturity dates threaten liquidations
Photo: CryptoSlate
XRP Ledger's reported DeFi value includes roughly $280 million in XRP collateral backing Maple loans funded from Ethereum pools, offering a reason to hold the token while borrowing stablecoins. Yet the staying power depends on what happens to those loans. Maple reported about 225 million XRP across its syrupUSDC and syrupUSDT products, and three displayed XRP-backed positions carry approximately $151.8 million in nominal stablecoin principal, with maturities in December and January. Borrowing against XRP can let an existing holder access liquidity while keeping exposure to the token.
Source: CryptoSlate
