XRP Jumps 30% Following Ripple’s Institutional DeFi Blueprint Release

Ripple introduced a detailed framework aimed at integrating decentralized finance (DeFi) into institutional XRP use cases, triggering a sharp price rally.

XRP

Summary

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Terms & Concepts
  • DeFi (Decentralized Finance): A blockchain-based financial system offering services like lending, trading, and investing without traditional intermediaries.
  • Institutional DeFi: An adaptation of decentralized finance tailored for banks, asset managers, and other regulated financial institutions.
  • XRP: A digital asset used in Ripple’s payment protocol for fast, low-cost international money transfers.