Bybit partners with Doppler Finance to launch XRP yield products
Summary
Bybit has collaborated with Doppler Finance to launch new XRP yield products on its Earn platform, aiming to boost the utility of XRP, which currently does not support native staking. This partnership provides an institutional-grade alternative by integrating Doppler Finance's infrastructure, which offers regulated custody, audited reserves, and a real-time verification framework for non-staking assets. According to Jerry Li, Head of Earn and Wealth Management at Bybit, expanding XRP utility is a key priority. Rox, Head of Institutions at Doppler Finance, noted that the collaboration brings their secure yield capabilities to Bybit's large user base, emphasizing transparency and verifiability for XRP holders.
(Source:Crypto Briefing)