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Ripple CEO Reveals the Secret Behind Its Crypto and Fiat Treasury System

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What does it take to get corporations into digital assets? According to Brad Garlinghouse, the formula is surprisingly simple.

The Ripple CEO just broke down the “secret sauce” behind Ripple Treasury. It’s an enterprise treasury management platform that lets businesses view and manage both fiat and digital assets (including XRP and RLUSD stablecoins) in a single, unified dashboard.

The Two-Ingredient Formula

Garlinghouse laid it out clearly. No complicated onboarding, no new systems to learn, and no juggling between separate platforms for fiat and crypto. Just one unified solution.

Fun Fact: Ripple Treasury facilitated $13 trillion in payments last year. That’s roughly half of the entire US GDP processed through a single treasury platform!

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Brad Garlinghouse, Source: X

What Changed

Ripple Treasury just launched as the first Treasury Management System (TMS) with native digital asset capabilities. For CFOs, this means a single place to hold and manage both digital and fiat assets.

Renaat Ver Eecke, who leads Ripple Treasury (formerly GTreasury), explained the vision:

“From the moment GTreasury became Ripple Treasury, we’ve been building to this, giving Corporates a clear, trusted entry point into digital assets.”

The new features include Digital Asset Accounts and Unified Treasury. Corporate treasurers no longer need separate systems, separate logins, separate workflows. Everything lives in one place.

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Ver Eecke outlined the roadmap: connecting to Ripple’s regulated payments network and prime brokerage. This will allow corporates to use digital assets and stablecoins for cross-border intercompany payments, earn yield on idle cash around the clock, and much more.

The key insight: Corporations don’t want to become crypto companies. They want to use crypto rails without changing their operations. Ripple Treasury meets them exactly where they are.

Ver Eecke summarized it bluntly: “Corporate treasury has never had a solution like this before.”

Ripple Has a Unique Value in the Enterprise Segment

Traditional treasury management is fragmented. Fiat accounts here, digital assets there, cross-border payments somewhere else. Every system requires its own processes, its own compliance checks, its own headaches.

Ripple Treasury collapses all of that into a single platform. Trusted. Regulated. Embedded in existing workflows.

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For CFOs who have been watching crypto from the sidelines, waiting for an entry point that doesn’t require rebuilding their entire infrastructure, this is it. The friction is gone.

Garlinghouse called it the secret sauce. Looking at $13 trillion in volume and native digital asset capabilities, the recipe seems to be working.

The post Ripple CEO Reveals the Secret Behind Its Crypto and Fiat Treasury System appeared first on BeInCrypto.

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Crypto World

Aave V3 Avoided Unrecovered Bad Debt From 2023 to 2025: Study

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Aave V3 Avoided Unrecovered Bad Debt From 2023 to 2025: Study

A Bank of Canada staff paper found that Aave V3 reported zero non-performing loans in 2024, with overcollateralization and automated liquidations helping prevent lender losses in its Ethereum lending market.

Using transaction-level data from Jan. 27, 2023, to May 6, 2025, the study found that positions were typically liquidated before collateral values fell below outstanding debt, helping contain lender losses across the sample.

But the model came with a tradeoff, the paper said. While it protected lenders from unrecovered losses, it also shifted risk onto borrowers and constrained capital efficiency compared with traditional lending systems.

According to the paper, Aave V3’s design relies on automated risk controls rather than traditional underwriting, requiring borrowers to post more collateral than they borrow and liquidating positions when they breach risk thresholds.

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Daily lending earnings, circulating supply, and borrowing volumes (USD) on Aave V3. Source: Bank of Canada

Recursive leverage fueled borrowing demand

According to the paper, Aave V3’s lending activity was not driven solely by users seeking liquidity. It found that recursive leverage accounted for over 20% of total borrowed volume and 8.2% of borrowing transactions during the sample period. 

Recursive leverage involves repeatedly borrowing against collateral, redeploying the borrowed assets as new collateral and borrowing again to amplify exposure.

Related: Aave V4 goes live on Ethereum after governance vote clears rollout

The study said the dynamic made borrowers more exposed when markets turned. According to the paper, liquidations on Aave V3 tended to occur in concentrated waves, with four assets accounting for 90% of total liquidated value. 

This includes Wrapped Ether (WETH), Wrapped Staked Ether (wstETH), Wrapped Bitcoin (WBTC) and Wrapped eETH (weETH).

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The paper estimated that borrower losses during major liquidation events could be significant. It said liquidation fees typically ranged from 5% to 10% of liquidated value, while missed gains from subsequent price recoveries pushed combined losses to about 10% to 30% in some cases. 

The staff paper suggested that while the design for Aave V3 helped prevent unrecovered bad debt in the sample, it did so by exposing borrowers to abrupt losses when collateral prices fell sharply. 

Cointelegraph reached out to Aave for comment but did not receive a response before publication.

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