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

TOKEN UNLOCKRipple's SchwartzUnderestimates XRP LendingPotential, Flare CEO Claims27IMPORTANCECLOSED2NEWS MEDIA2PIECESOct 7, 2026 16:27blockboard.net

Flare CEO Hugo Philion said David Schwartz is underestimating what XRP lending can do, and linked that view to infrastructure Flare says is already in use. One piece presents the debate as a challenge over proxy-based tools for passive XRP lending, while the other adds that Flare’s setup has already supported loans backed by Wrapped XRP.

What this rests on

Claim by claim, with its source
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Hugo Philion challenged Ripple CTO David Schwartz over his view of XRP lending.
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Philion framed proxy infrastructure as a way to unlock passive XRP lending.
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Flare said its Protocol Managed Wallets and Flare Confidential Compute have already handled $7.2 million in loans backed by 10.8 million Wrapped XRP.
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The discussion centered on whether that infrastructure can support passive XRP lending.

What it means

Who it affects, what changes and what is still unconfirmed

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.

Market reaction

FL Flare the event is about this asset from 2 h before to 4 h after the line marks the first headline
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+0.61 % before publication
-1.27 % after
$0price at publication
12series points

How the story was built

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 7 16:13
+3 h 10 m
Oct 7 19:22
Crypto Economy adds
Adds $7.2M, with quotes

Has this happened before?

WhenWhat happenedFigure
16 days ago Ripple Unlocks 1 Billion XRP From Escrow, Worth $1.49 Billion event 1 actors in common · 3 news media
17 days ago XRP Price Forecast: Can XRP Break $1.70 After 1B Unlock? event 1 actors in common · 4 news media