Ripple's Schwartz Underestimates XRP Lending Potential, Flare CEO Claims

Each sentence links inside to the piece that supports it.

This matters to XRP users and Flare users because it points to a lending setup that is already described as active, not only planned. The detail that loans backed by Wrapped XRP have already been handled means people following the ecosystem can see a concrete lending path today, rather than just a proposal. It is tied to Flare’s infrastructure claims in the piece that mentions the $7.2 million figure and the 10.8 million Wrapped XRP backing it.

In practice, the change is that XRP lending is being presented through protocol-managed wallets and confidential compute, rather than only as a theoretical idea. What stays the same is that the discussion is still framed as a challenge to Schwartz’s view, so the underlying dispute over how much lending potential exists has not gone away. The piece about proxy infrastructure shows the mechanism being discussed, even as the broader argument remains open.