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XRP Loans Trigger 883 Liquidations With $53 Million Still at Risk

(2 hours ago) · 1 source · Summarized by CryptoBipto

A wave of 883 liquidations has occurred in XRP-based lending markets. Approximately $53 million in additional loans reportedly remain at risk of liquidation due to price movements or collateral shortfalls.

WHY IT MATTERS

In crypto lending, people can borrow money by putting up their cryptocurrency as collateral — similar to how a pawnshop holds your valuables while lending you cash.

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SOURCES

  • cryptoslate.com

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XRPDeFi LendingLiquidationsXRPMarket Risk