@jakeclaverqfop: XRP can be used as collateral with a prime broker to borrow RLUSD at 80 to 90 percent LTV depending on underwriting. The deeper structural point is that XRPL is the base layer settlement infrastructure beneath everything. Treasuries settle on it through Ondo. Stablecoins are issued against treasuries. XRP is the value transfer mechanism underneath that. Whether you call it collateral for RLUSD or the bedrock beneath the entire stack, XRP sits at the foundation of the structure being built.