Ripple Prime CEO says XRP can be used as institutional collateral

Mike Higgins, CEO of Ripple Prime (formerly Hidden Road), has stated that XRP can be utilized as collateral for institutional trading, The Crypto Basic reported. This follows community criticism that Ripple was favoring its native stablecoin, RLUSD, and sidelining XRP after its acquisition of Hidden Road. Higgins explained that Ripple Prime accepts XRP not only as a payment asset but also as collateral, adding that this model combines the flexibility of the crypto market with traditional financial mechanisms to significantly improve capital efficiency.