Ripple Prime CEO Mike Higgins Says XRP Is Used as Collateral for Institutional Trades
The post states that Ripple Prime CEO Mike Higgins confirmed XRP is being used as collateral in institutional trading activity, while Chart Nerd was cited as highlighting the point.
XRP
Summary
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Terms & Concepts
Collateral: Assets pledged to secure a trade, loan, or financial obligation and reduce counterparty risk.
XRP: A digital asset associated with the XRP Ledger, often used in payment and liquidity-related crypto services.
Institutional trades: Large transactions conducted by professional firms such as banks, funds, or other financial institutions.